Sawgrass Finance Helps Automotive Startup Serve Brand-Making Customer
February 26, 2026
FLORIDA - Sawgrass Finance, the Ponte Vedra-based asset-based lender, today announced a multi-million-dollar lending solution crafted for a Florida startup in the automotive industry.
When Horizon Auto Logistics landed a lucrative contract with an international luxury auto maker, they knew they had to meet the moment.
Their finance leaders approached Sawgrass in search of creative solutions for working capital in order to steward a brand-making opportunity.
The concept of unlocking financing by leveraging accounts receivable was unfamiliar to the company leadership, but turned out to be precisely what was needed.
As Tye Slappey, the company’s head of finance explained, “The Sawgrass team listened carefully, then secured the best terms and pricing for our working capital through accounts receivable lending. That was new to us! The team provided expert guidance throughout the process and even introduced us to an excellent local bank partner for CapEx financing.”
As Sawgrass Finance Founder Marius Dobren explained, “Accounts receivable is an undeniable sign of a borrower’s financial strength. Yet few lenders have a box they can check that acknowledges it – especially this early.” Through Sawgrass Finance’s creativity and connections, Horizon Auto Logistics was able to secure the flexible working capital they needed to prove their worth to a customer they’d always wanted.
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About Sawgrass Finance
Sawgrass Finance is a Northeast Florida asset-based lender that empowers a business owner to leverage their company’s liquid assets to secure a flexible line of credit without sacrificing equity ownership, customer perception, or future bankability.
Our hands-on partnership with business owners prioritizes continuous improvement and promotes long-term success.
Sawgrass proudly serves small, medium, and large businesses across Manufacturing, Wholesale/Distribution, Importers, Food & Beverage, Staffing Services, Apparel & Accessories, Logistics, Oil & Gas, Technology, and more.