Skip to content
Newsroom

$1,750,000 Finance for Commercial Laundry Services

As we near the end of a tough year with challenging trading conditions, we’re delighted to still be supporting fantastic businesses realize their hopes and dreams.

$1,750,000 in accounts receivable financing will enable this hospitality services supplier to make a crucial acquisition, cover their payroll costs and free up working capital to invest into new equipment.

The client was referred to Sallyport via another client and we were able to successfully convey the value of our services to their business and our willingness to come up with a tailored solution that worked for them.

$1.75 million in accounts receivable funding lays the foundation for the client to achieve their long-term goals of further expansion and acquisition coast-to-coast in the US.

Nick Hart, Sallyport President commented;

After an extremely challenging time in the laundry sector, we were delighted to help our client make a key business acquisition. We will be there, by their side to help with the opportunities and challenges presented in 2022 and beyond. We look forward to seeing them grow and thrive through our partnership.

Posted in
  • News

Canadian Distribution & Storage Business Boosted By $2M Finance

June 30, 2024

We are thrilled to announce that Sallyport has successfully funded a $2 million invoice factoring facility for a rapidly growing…

Read More

Canadian Business Revitalized with $2.5M Finance Boost

May 13, 2024

At a crucial time in Big Erics 80-year history, Sallyport are delighted to be announcing $2.5 million in financing for…

Read More
  • Articles

Pet industry blog main image - cute small dog wearing coat stood by food dish

Pet Industry on a ‘Pawsitive’ Streak

Pets became priority again during the pandemic with owners forced to stay home to work and fill the void created…

Read More

Mastering Accounts Receivable Management : A Perpetual Cycle

Effective financial management is crucial for the success of any business and a key component of this is proficient accounts…

Read More
  • Videos

Scroll To Top