We’re delighted to announce that Sallyport has funded another business in expanding their operations in North America. A $500,000 accounts receivable facility will provide the working capital needed for the client to disrupt the energy services market with their innovative seal technologies and enhance their presence in the region.
This client was referred to Sallyport by TSF Finance, a UK-based alternative finance company and our exhaustive approach to understanding their corporate structure proved invaluable in securing the business. The Sallyport team did what they always do, getting to work to get the client funded in the most quick and efficient way – no easy task as the business comprises two Canadian and two US entities, plus the foreign ownership component.
Calum Williamson, MD for Sallyport Canada commented…
“Our former colleagues at TSF Finance referred the deal ‘across the pond’ and working closely with them to understand the clients’ unique needs, helped us to move it swiftly to a close.
The client is now well positioned for the future and we look forward to being part of their success story in the US and Canada.”
TSF FInance were more than happy to recommend Sallyport as the financial partner of choice…
“It has been great working with Calum and his team to complete our first transatlantic facility. Our client appreciated the responsiveness and commerciality Sallyport showed to understand their complex structure in a timely manner.”
Alan Anderson, Director, TSF Finance
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