Archive for January 2024
$500,000 Clears the Way for Organic Soap Manufacturer
In a significant development this January, an established organic soap manufacturer has secured $500,000 in accounts receivable finance. Boasting a successful track record in crafting and distributing natural soap products across the U.S. and Canada since 1994, the company sought a capital boost to propel its growth. Referred to Sallyport by an industry peer during…
Read MoreFinancial Brokers and Alternative Finance: Fostering Business Growth
The financial landscape has witnessed a paradigm shift with the emergence of multiple alternative finance providers over the past decades. These providers offer several viable alternatives to bank financing for SMEs, many of which are more flexible and can be customized to the business’ exact needs. In this dynamic ecosystem, financial brokers play a crucial…
Read More$2M Finance Catalyzes Manufacturing Business Restructure
In our second deal for 2024, we’re equipping our existing client with $2,000,000 accounts receivable finance which provides the ongoing working capital required to trade successfully. The client was originally referred to Sallyport over 3 years ago by a bank and has now restructured after the business was pulled into a CCAA situation by the…
Read More$500,000 Finance for a StartUp to Accelerate Growth
We’re delighted to announce the first funding for 2024 – $500,000 finance for a startup chemicals importer experiencing a common challenge for newer businesses. With no payment terms from their suppliers and extended payment terms from their customers, the client had a bottleneck in working capital preventing them from fulfilling orders. The business was referred…
Read More