Archive for June 2024
Canadian Distribution & Storage Business Boosted By $2M Finance
We are thrilled to announce that Sallyport has successfully funded a $2 million invoice factoring facility for a rapidly growing distribution and storage business based in Western Canada. This significant financial partnership is set to propel our client’s expansion efforts. The newly secured funds have been used partly to facilitate the purchase of a new…
Read MoreEquipment Financing for Startups- The Lowdown
Equipment financing refers to finance that is used to loan or lease a tangible business asset other than real estate. Examples of tangible assets could be technological equipment, vehicles, office furniture or heavy manufacturing machinery. Finding equipment financing for startups can be complex. With less time in business and less trading and credit history to…
Read MoreCanada Makes First Move on Interest Rate: What Now for SMEs?
The Canadian interest rate cut on June 5th, 2024, marks a significant policy shift with broad implications for the economy, particularly for small and medium-sized enterprises (SMEs). This move by the Bank of Canada, aimed at stimulating economic growth amidst global economic uncertainties and domestic challenges, has a multifaceted impact on SMEs, influencing their financing,…
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