Skip to content
Newsroom

$500,000 Funding Puts Seafood on the Plate in New Places

A $500,000 full notification factoring facility has just been finalized for a growing wholesaler of seafood products based on the East Coast of Canada. 

The client was referred directly to Sallyport by another factor who held a long-standing relationship with the customer over the past decade but was soon to retire. Now that the client has the additional working capital they need, they’re free to concentrate on expanding the business from the East Coast where the majority of their business is done, into new regions across Canada and also into the US. 

VP Canada, Dan Millar noted that this client represents one of several recent opportunities where we were able to work with the bank to secure a subordination for US debtors…

“It was fantastic to work with a large Canadian bank and secure the subordination for the US debtors which has become a more common requirement – this truly demonstrates our cross border capabilities for any company looking to sell into the US and abroad.”

Posted in
  • News

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

Advancing Apparel with $500k Accounts Receivable Finance

May 10, 2024

A $500,000 accounts receivable finance facility will serve as a vital resource for our new client as they navigate the…

Read More
  • Articles

Debtor in Possession Financing – A Complete Guide

If your business is experiencing severe financial challenges and considering filing for bankruptcy, all may not be lost as there…

Read More
us-manufacturing-blog-image

Is US Manufacturing the Route to Economic Recovery?

There’s a big sea change underway in US manufacturing, the start of which predates the significant economic and political events…

Read More
  • Videos

The Most Financial Time of the Year

Sallyport commercial finance’s Annual Holiday Music Video!  

View Now

American Business Women’s Day

Sallyport Commercial Finance Celebrates American Business Women’s Day  

View Now
Scroll To Top