Posts by Jayne Nicholson
Sallyport Fuels $250K Comeback for Wholesale Startup Growth
Sallyport Commercial Finance is proud to announce a new funding for a Canadian client in the wholesale and distribution industry, providing them with $250,000 in Accounts Receivable (AR) financing. The client turned to us for support in relaunching their business post-COVID. Due to the impact of the pandemic, the client’s business is effectively operating as…
Read MoreStaffing Firm Lands $500K to Power New Renewable Division
Sallyport Commercial Finance is proud to announce the successful funding of $500,000 in Accounts Receivable finance for a staffing firm whose parent company is an existing client. The client, referred by our Account Executive Olivia Hudson, is expanding into a new division focused on renewable energy and this funding will enable them to meet their…
Read MorePharma Industry Bounces Back to Health
The pharma industry, a critical pillar of the global economy and healthcare system, has seen dramatic shifts in the last few years. It reached unprecedented heights during the COVID-19 pandemic but then experienced a post-pandemic slump as the immediate demand for vaccines and treatments diminished. However, as we approach the end of 2024, the industry…
Read MoreFloral Business Set to Flourish with $1.2M Finance
Sallyport Commercial Finance is excited to announce the successful funding of a $1.2 million accounts receivable facility for a supplier in the floral industry. Specializing in salal, a key component in wreaths and floral bouquets, the company sought funding to manage the seasonal nature of their business, with over half of their sales occurring within…
Read MoreStaffing Startup Races Ahead with $500,000 Funding
Sallyport Commercial Finance has provided a $500,000 Accounts Receivable facility to a startup in the staffing industry. Facing rapid contract growth in their early stages, the company sought funding to bridge working capital gaps and support payroll operations. The client has been focused mainly on entry level labour roles such as warehouse operations, garbage hauling…
Read MoreAlbertan Logistics Leader Secures $3M in Growth FInance
Sallyport Commercial Finance is proud to announce the successful funding of $3,000,000 in accounts receivable financing to a leading Albertan logistics and freight company serving the oilfield services industry. The client required the funds to support its daily working capital needs, facilitating continued growth and operational scalability. As the company expanded, it recognized the importance…
Read MoreArticle 9 Sale vs. Chapter 11 Bankruptcy: Where Next?
When businesses face financial distress, they often need to explore restructuring options that can help them navigate difficult times and return to profitability. Two common routes for restructuring are an Article 9 sale and a Chapter 11 bankruptcy filing. Both processes serve as tools to alleviate a business’s debt burden, but they differ significantly in…
Read More$7,000,000 Finance Enables Seamless Article 9 Sale
Sallyport is pleased to announce the provision of $7,000,000 in Accounts Receivable Finance to support a strategic acquisition in the entertainment services industry. Our new client, who successfully purchased the business – an existing Sallyport client, through an Article 9 Sale, chose us to ensure a seamless transition for existing debtors and customers. The acquired…
Read MoreMaking Moves in Hawaii – Logistics Business Secures $1.25M
Sallyport Commercial Finance is thrilled to announce the successful funding of $1,250,000 in Accounts Receivable (AR) financing for a transportation and logistics company based in Hawaii. This essential business, a key player in Hawaii’s logistics market, initially sought funding to consolidate high-interest, Merchant Cash Advance (MCA) debt that had accumulated over time. With our new…
Read MoreFears Grow Over Unprecedented Canadian Rail Shutdown
It’s not the news that business leaders were hoping for but the failure of negotiations last night marks the start of an unprecedented Canadian rail shutdown. The two largest railways; Canadian National Railway Company and Canadian Pacific Kansas City (CPKC) have now downed tools, a motion that we’ve never seen prior and one that creates…
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