Archive for June 2023
$2M Finance for Global Tech Leader in Growth Mode
Sallyport is excited to announce the funding of a global leader in digital technology who is revolutionizing live 3D communication worldwide. A $1,800,000 in accounts receivable finance and a $200,000 inventory facility will support the rapid growth of the company, not only in their North American locations, but further afield in their UK and Singapore…
Read MoreWhat to Do When the Bank Says No : Alternative Business Funding Sources
Obtaining bank financing has always been difficult for certain businesses and the current economic environment is making it even more so. Unfortunately, widespread turmoil in markets both at home and abroad, rising inflation and recession have resulted in many traditional banks tightening their lending standards in 2023. These decisions come down to risk and as…
Read MoreRecycling Industry : From Niche to Mainstream
Awareness around environmental impact and prevention of climate change has really gathered pace over the past 40 years, shaping the recycling industry as it stands today. It was only after the mass consumerism of the 1950s to 1980s and the realization of the environmental repercussions that had, before consumers and businesses really started thinking about…
Read More$250,000 Finance for Ontario Tech Company
A quick turnaround was in order for this growing Canadian B2B tech company who we’ve just equipped with $250,000 in accounts receivable finance. The client was referred to Sallyport through a broker and needed an influx of working capital to support their payroll obligations while they focus on growing their client base. Dan Millar, Vice…
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