Archive for March 2023
$500,000 Gets New Oil and Gas Company Off the Mark
We’re delighted to announce the late March funding of a new business in the Oil and Gas Services industry. $500,000 accounts receivable finance will give them the working capital required to support their rapid projected growth. Referred to Sallyport by a banker, the company being new and only just beginning to bill their clients, couldn’t…
Read More$1,500,000 Finance for Food Manufacturer on Growth Spurt
Sallyport is pleased to announce accounts receivable finance of $1,500,000 for a frozen food manufacturer to round off our March business. The price of dairy products such as eggs has increased massively since 2020 and the finance will enable the client to prepay suppliers for these ingredients, locking in better pricing for more predictable profit.…
Read MoreFurniture Manufacturer Forges Ahead with $1,750,000 Finance
After two years’ of extremely challenging conditions for this business due to the pandemic, we’re delighted to announce $1,750,000 in finance for an office furniture manufacturer. Manufacturing high quality office furniture from their factory in LA, the client was referred to us via a contact in the banking industry. The finance comprises $1,500,000 accounts receivable…
Read MoreExisting Oil & Gas Client Gets $2,000,000 to Further Acquisition
An existing Sallyport client in the Oil and Gas Services space has just been equipped with $2,000,000 accounts receivable finance to fund their most recent acquisition in the sector. Initially referred to Sallyport by a contact in the investment banking industry, the client is moving forward with their expansion plans, acquiring complementary businesses in the…
Read MoreApparel Business Advances with $300,000 in Finance
Sallyport are pleased to welcome on board an apparel startup with $300,000 in accounts receivable finance. The company was a previous client for Sallyport SVP Alexandra Scoggin and required a lender who would support the growth of their brand in the eco-friendly apparel space. SVP for Sallyport, Alexandra was thrilled to be the first and…
Read MoreCanadian Labour Market Defies Expectations – What Next for Businesses?
Statistics Canada recently published their monthly labour force survey which showed unemployment held steady at 5% in January. That figure doesn’t say much in itself but underlying that stat is the fact that 150,000 jobs were added to the economy, instead of the 5000 that were predicted by RBC. As the labour market defies everyone’s…
Read More$750,000 Finance for Digital Marketing Agency
Sallyport are pleased to welcome on board a growing professional services business with $750,000 in accounts receivable finance for a digital marketing agency. The client was referred directly to Sallyport through a key relationship with a UK business banker. As the clients’ UK bank and indeed several other UK banks, no longer fund foreign subsidiaries…
Read More