Sallyport Commercial Finance announced the funding of a $4 million Accounts Receivable facility for a leading industrial cleaning company.

The client, referred to Sallyport by a consultant working with their bank, faced the pressing need to repay existing obligations while injecting fresh working capital to fuel growth. With their sights set on a turnaround, they needed a funding partner who could help them return to profitability and build a stronger, more sustainable business for the future.

The company’s franchise billing structure presented challenges that many lenders were unwilling or unable to work with. By taking the time to understand the intricacies of both the client and franchisor’s operations, Sallyport crafted a flexible solution that unlocked the capital needed for stability and growth.

“We’re thrilled to support our new client in their journey toward renewed profitability and growth. This deal is a testament to the dedication and expertise of the Sallyport Commercial Finance team, who worked tirelessly to navigate the complexities of a franchise billing structure. By collaborating closely with both the client and franchisor, we were able to craft a solution that others couldn’t. It’s a proud moment for all involved," said Dan Millar, VP Business Development.

This funding highlights Sallyport’s commitment to solving complex challenges with creativity, collaboration and speed, ensuring that when businesses need a way forward, Sallyport is there to help them seize it.