Archive for August 2024
$7,000,000 Finance Enables Seamless Article 9 Sale
Sallyport is pleased to announce the provision of $7,000,000 in Accounts Receivable Finance to support a strategic acquisition in the entertainment services industry. Our new client, who successfully purchased the business – an existing Sallyport client, through an Article 9 Sale, chose us to ensure a seamless transition for existing debtors and customers. The acquired…
Read MoreMaking Moves in Hawaii – Logistics Business Secures $1.25M
Sallyport Commercial Finance is thrilled to announce the successful funding of $1,250,000 in Accounts Receivable (AR) financing for a transportation and logistics company based in Hawaii. This essential business, a key player in Hawaii’s logistics market, initially sought funding to consolidate high-interest, Merchant Cash Advance (MCA) debt that had accumulated over time. With our new…
Read MoreFears Grow Over Unprecedented Canadian Rail Shutdown
It’s not the news that business leaders were hoping for but the failure of negotiations last night marks the start of an unprecedented Canadian rail shutdown. The two largest railways; Canadian National Railway Company and Canadian Pacific Kansas City (CPKC) have now downed tools, a motion that we’ve never seen prior and one that creates…
Read MoreDestination Madagascar for Apparel Businesses?
Madagascar, the fourth largest island in the world, located off the southeastern coast of Africa, has experienced a period of economic growth in recent years that is gradually positioning it as an attractive destination for foreign investment, particularly from those seeking a new base for apparel businesses. While the country has historically faced significant challenges,…
Read More