Posts by Jayne Nicholson
Game On: Toy Distributor Lands $900,000 Finance
We are pleased to announce that a leading toy distributor has secured $900,000 in funding. This funding package includes a $750,000 Accounts Receivable (AR) facility and a $150,000 inventory facility. The toy distributor sought funds due to not meeting the incumbent lender’s funding minimum and facing historical losses. The funding will be utilized for additional…
Read MoreCanadian Labour Market Stalls: A Concern for Businesses?
In June 2024, the Canadian labour market witnessed a surprising development with the loss of 1,400 jobs, marking a rare contraction to a trend of adding to the number of employed since around February 2023.. This minor but significant decline has raised concerns among Canadian businesses, entrepreneurs and policymakers, signaling potential shifts in the economic…
Read MoreCanadian Distribution & Storage Business Boosted By $2M Finance
We are thrilled to announce that Sallyport has successfully funded a $2 million invoice factoring facility for a rapidly growing distribution and storage business based in Western Canada. This significant financial partnership is set to propel our client’s expansion efforts. The newly secured funds have been used partly to facilitate the purchase of a new…
Read MoreEquipment Financing for Startups- The Lowdown
Equipment financing refers to finance that is used to loan or lease a tangible business asset other than real estate. Examples of tangible assets could be technological equipment, vehicles, office furniture or heavy manufacturing machinery. Finding equipment financing for startups can be complex. With less time in business and less trading and credit history to…
Read MoreCanada Makes First Move on Interest Rate: What Now for SMEs?
The Canadian interest rate cut on June 5th, 2024, marks a significant policy shift with broad implications for the economy, particularly for small and medium-sized enterprises (SMEs). This move by the Bank of Canada, aimed at stimulating economic growth amidst global economic uncertainties and domestic challenges, has a multifaceted impact on SMEs, influencing their financing,…
Read MoreCanadian Business Revitalized with $2.5M Finance Boost
At a crucial time in Big Erics 80-year history, Sallyport are delighted to be announcing $2.5 million in financing for an established Canadian business in need of funding to support their restructure and continued growth. Referred to Sallyport by another alternative finance company and trusted industry partner, the funding comprises $2,000,000 Accounts Receivable finance and…
Read MoreAdvancing Apparel with $500k Accounts Receivable Finance
A $500,000 accounts receivable finance facility will serve as a vital resource for our new client as they navigate the complexities of manufacturing and importing apparel in today’s changeable landscape. As a new-start business, this infusion of working capital will enable the client to pay vendors in Mexico and fulfill their growing order book. VP…
Read MorePharma Power: $10M Funding Boost Magnifies Growth
In a significant move to support business growth, Sallyport is delighted to announce a groundbreaking $10 million in Accounts Receivable Finance for a prominent pharmaceutical company – Shield Therapeutics Inc. This financing marks a pivotal moment for the organization, which is fervently navigating its commercialization journey in North America amidst soaring sales figures. The infusion…
Read MoreDelivering the Vision: $2M Finance for Optical Technology
We’re delighted to announce $2M in finance for a leading developer of cutting-edge optical equipment and corneal topography technology. This funding comprises Cash Flow Loans and Inventory Finance as the business sets its sights on accelerating domestic revenue, achieving financial stability and further advancing its research and development endeavors. The client, referred via a small…
Read MoreUK Businesses Eyeing Global Expansion in 2024
The International Monetary Fund (IMF) predicts resilient global economic growth in 2024 with a 3.1% increase in GDP. Whilst most regions are expected to see positive growth this year, some will certainly be stronger than others and therefore offer a more appealing proposition for UK businesses eyeing global expansion. Understanding global GDP growth can provide…
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