Newsroom
$4,000,000 Finance For Rapid Growth Staffing Company
Sallyport’s fall fundings continue with a $4,000,000 Accounts Receivable facility for a US staffing company experiencing rapid growth.
The client was referred to Sallyport via a CPA and one of our industry competitors at a time when they started accelerating growth exponentially; the preceding factoring provider felt uncomfortable adapting to their growing financial requirements. Sallyport’s responsive ethos shone through once more and the client recognized our flexibility in getting them funded despite the challenges of high customer concentration.
The client will now use the funds to pay suppliers, meet payroll and make capital investments which will fuel their growth further internationally.
Wade Concienne, VP of Business Development for Sallyport remarked…
In the course of one year, this company grew it’s revenue by almost five times. Sallyport were able to help support that growth at a time when most lenders would not. We are excited to have this business on board as part of the SCF family and are positive that they will achieve their ambitions of a global presence in the ‘not-so-distant’ future.
Search
News
Manufacturer Secures $16 Million Finance for Sustainable Future
$7,000,000 in accounts receivable and $9,000,000 in machinery and equipment finance make up a bespoke package for a recycled plastics…
Read MoreDessert Manufacturer Aims High with $1,500,000 Finance
A $1,500,000 factoring facility will enable this Canadian dessert manufacturer to get their products into more major chains across the…
Read MoreArticles
How to Expand a Business : Tips to Help You Grow in 2024
In the dynamic landscape of business ownership, the desire to expand a business is a common strategic goal for entrepreneurs…
Read MoreThe Canadian Federal Election and Small Business
Whether you agree with the timing or not, Canada is heading for a federal election and small business owners will…
Read MoreVideos
What is Factoring?
Here we explain what exactly factoring is and how we can help your cash flow…
View Now