Archive for September 2024
Floral Business Set to Flourish with $1.2M Finance
Sallyport Commercial Finance is excited to announce the successful funding of a $1.2 million accounts receivable facility for a supplier in the floral industry. Specializing in salal, a key component in wreaths and floral bouquets, the company sought funding to manage the seasonal nature of their business, with over half of their sales occurring within…
Read MoreStaffing Startup Races Ahead with $500,000 Funding
Sallyport Commercial Finance has provided a $500,000 Accounts Receivable facility to a startup in the staffing industry. Facing rapid contract growth in their early stages, the company sought funding to bridge working capital gaps and support payroll operations. The client has been focused mainly on entry level labour roles such as warehouse operations, garbage hauling…
Read MoreAlbertan Logistics Leader Secures $3M in Growth FInance
Sallyport Commercial Finance is proud to announce the successful funding of $3,000,000 in accounts receivable financing to a leading Albertan logistics and freight company serving the oilfield services industry. The client required the funds to support its daily working capital needs, facilitating continued growth and operational scalability. As the company expanded, it recognized the importance…
Read MoreArticle 9 Sale vs. Chapter 11 Bankruptcy: Where Next?
When businesses face financial distress, they often need to explore restructuring options that can help them navigate difficult times and return to profitability. Two common routes for restructuring are an Article 9 sale and a Chapter 11 bankruptcy filing. Both processes serve as tools to alleviate a business’s debt burden, but they differ significantly in…
Read More