Archive for February 2025
Powering Oilfield Growth with a $500K Factoring Facility
Sallyport is pleased to announce the successful funding of a $500,000 accounts receivables facility for a growing Oilfield Services business. With increasing business activity and extended customer payment terms, the company faced stretched accounts payables, making it difficult to pay key suppliers on time. This funding allows them to convert outstanding invoices into immediate cash,…
Read MoreCanadian Business Insolvencies Surge: What Lies Ahead?
In 2024, Canada experienced a significant surge in insolvency filings, with a notable 12.1% increase compared to the previous year. This rise was predominantly driven by business insolvencies, which escalated by 28.6%. Sectors such as construction, transportation and warehousing, and accommodation and food services were among the hardest hit. Factors Contributing to the Rise in…
Read MoreGrowing Strong: $10M Funding Boost for AgTech Innovator
We are thrilled to announce that Sallyport Commercial Finance has successfully provided a $10,000,000 facility to a leading hydroponic and lighting supplies company in the Agricultural industry. The funding, structured across Accounts Receivable, Inventory, and Purchase Order Finance, will empower the company with the working capital necessary to support their rapid growth and the launch…
Read More