Archive for May 2021
Tech-services company set for growth with $500,000 in Finance
Sallyport are pleased to announce $500,000 in funding to a US based tech-services company. The business will use these vital funds to enable their expansion into new regions. Dan Millar, VP comments… “We were very happy to help this US-based client. It was a quick approval & funding process which certainly highlighted our cross border…
Read More$2MM Finance Allows Canadian Manufacturer to Achieve Acquisition Goal
Sallyport commercial finance are delighted to announce a total fund of $2MM to a Canadian manufacturer of home improvement products based in New Brunswick. Referred to Sallyport by one of Canada’s top 3 commercial banks, the client had identified a strategic opportunity to acquire a complementary business, whose parent company was already going through a…
Read MoreFinancing a Business Restructure and Turnaround
Financing a business restructure is one of many reasons a business may need to supplement their finances. Restructuring is usually considered when a business goes through a period of constrained cash flow. This could be as a result of losing a significant customer, investing in the wrong markets or who would have thought; a global…
Read MoreFinancing a Professional Services Business
We often regard professional services businesses as being easier to manage than a product based business and in a lot of ways they are; they can be set up by one person at very little cost, there’s no stock to hold or supply chain issues to contend with and overheads are minimal and generally, a…
Read MoreSallyport helps boost Texas Chemicals Manufacturer with $7.5 Million in Funding
Sallyport commercial finance has provided a $6,000,000 million accounts receivable facility and $1,500,000 million inventory facility which will enhance working capital and facilitate the chemical and oil and gas manufacturer in progressing their growth plans. The client was referred to Sallyport by a partner in the investment banking area, as their previous provider ceased the…
Read More