Sallyport Commercial Finance launches in Glasgow

27 Feb 2023

Entrepreneur Andy Tait and Texas-based Sallyport Commercial Finance LLC have partnered to launch a commercial lender in Scotland, based on St Vincent Place in Glasgow.

Sallyport Commercial Finance will target companies turning over up to £10 million.

Mr Tait launched the Scottish arm of Bibby Financial Services in 1999 and most recently, he served as chief executive at GreenAcres Cemeteries & Ceremonial Parks, having led a private equity-backed management buyout.

Sallyport Commercial Finance launches in Glasgow

Now, he is launching Sallyport Commercial Finance with fellow directors Joanna Cashmore and Kirsty Neely - who join from Bibby and Sonovate respectively - along with senior executives Allan Dempsie and Michelle Carroll. The team has over 70 years of sector experience between them.

Sallyport Commercial Finance will provide working capital solutions to SMEs to assist with their cash flow.

Sectors targeted across the B2B sector include haulage, manufacturing, and recruitment.

Mr Tait said: "Sallyport Commercial Finance will offer an alternative to traditional lending provided by the high-street banks, with an experienced, more personalised and local service. Invoice Finance can be a great option for many businesses to free-up working capital and boost their cash flow."