Archive for November 2024
Canadian Oilfield Services Gets $4,000,000 Funding Boost
We are thrilled to announce that Sallyport has successfully provided $4 million in Accounts Receivable funding to a dynamic client in the Oilfield Services industry. Referred to us by a Calgary consultant, this funding will enable the company to repay existing debt and invest in substantial growth opportunities within their sector. The client’s decision to…
Read More$4M Funding Furthers Belluscura’s U.S. Expansion Goals
Sallyport Commercial Finance is delighted to announce a $4,000,000 funding facility for Belluscura, a trailblazing medical device company focused on developing innovative oxygen enrichment technology. The funding, comprising accounts receivable and cash flow loans, will empower Belluscura to expand its operations into the U.S. market, supporting the production and distribution of their groundbreaking oxygen treatment…
Read MoreCanada’s Weak Loonie: Implications for the Economy and SMEs
As of late 2024, the Canadian dollar, affectionately known as the “loonie,” has hit a low not seen in over four years, trading at approximately 72 cents to the US dollar. This depreciation has generated mixed reactions across Canada, with impacts rippling through the economy, affecting consumers and businesses in various ways. Let’s dive into…
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