Sallyport have just finalized an agreement to provide $5.0 million in finance for a construction business.
The client had limited options given that they needed funding quickly and didn’t want to rely on an expensive MCA lender to meet their needs. They required $1.5 million immediately with an uplift to a total facility of $5 million following a field exam.
The funds gave them the reprieve they urgently needed to make their short-term obligations and poised them for future success, confident that they have a financial partner that understands the intricacies of the construction industry and will work with them flexibly to meet their ongoing financial needs.
“Sallyport Commercial Finance provided critical funding to an established interior finishing contractor within a week, giving them the confidence to pay vendors, cover payroll, and meet future obligations. The business owner is grateful knowing they have a lender that will support their business and understands their vision for growth without them having to concede to unnecessarily costly debt.”
Nick Hart, President, Sallyport Commercial Finance.
Canadian Labour Market Defies Expectations – What Next for Businesses?
Statistics Canada recently published their monthly labour force survey which showed unemployment held steady at 5% in January. That figure…
Read More
What are the Biggest Risks to Business in 2021 and Beyond
If this was asked at this point last year, the response would be in major contrast as to the biggest…
Read More
Popkoffs Client Testimonial
Popkoffs Client Testimonial
View Now
What is Factoring?
Here we explain what exactly factoring is and how we can help your cash flow…
View Now