Archive for September 2023
Open Door Immigration Policy – Good or Bad for Canadian Business?
Canada’s population is growing at a record pace driven by the current open-door immigration policy and the need for skilled workers. In 2022, and for the first time in Canadian history, the population grew by over 1 million people to 1,050,110 representing the highest annual population growth rate since 1957. As the population hit 40…
Read More$500,000 Enables Cross-border Expansion for Manufacturer
As an existing Canadian client, Sallyport was able to support the growth of this concrete manufacturer into the USA with our cross-border expertise. The business will use the $500,000 facility to continue adding vehicles to their inventory across North America. Dan Millar, Vice President Sallyport Canada remarked… “This was an existing Canadian client that wanted…
Read MoreOil and Gas Services Gets $1.5M to Sustain Sales Momentum
Sales growth meant this flourishing oil and gas services business needed additional working capital to fulfill a growing number of orders. With a limited financial history, the banks were reluctant to help and they were referred to Sallyport. A $1,500,000 accounts receivable facility will give them the working capital required for day-to-day operations while they…
Read MoreChanges to SBA 7(a) Loan Fees – What you Need to Know
The U.S. Small Business Administration (SBA) has recently completed its annual review of the fees that it charges lenders under the 7(a) small business loan program. This process sets out the fees that a lender must pay under the SBA program for all loans approved in the upcoming fiscal year. The latest information notice (5000-848801)…
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