Posts by Jayne Nicholson
$3,000,000 Creative Finance Solution for New Venture
As the existing finance partner for another company in the same group, Sallyport was the first choice when it came to funding this new venture. The finance company had grown much faster than forecasted and needed to find a provider to help them with funding new property lending opportunities. Our $3M senior facility will help…
Read MoreUnderstanding Accounts Receivable Turnover Ratio for Business
Accounts receivable turnover ratio, also known as debtor turnover ratio, is an accounting measure used to calculate how efficient a company is in managing credit and collecting receivables from its clients. This metric is used to show how many times a company’s accounts receivables (unpaid invoices) are collected and converted into cash during a specified…
Read MoreRenewables Business Reaffirms Growth with $30M Finance
A leading global producer of renewable fuels, distiller grains and alcohols has just been equipped with a $15,000,000 working capital facility with provision to increase to $30,000,000 as and when further working capital is required. Referred to Sallyport by an advisory firm after conventional lenders were unable to help, the facility will be used to…
Read MoreUnderstanding Business Acquisition Financing
At the simplest level, business acquisition financing is the capital that needs to be obtained for a company to purchase another business. This finance can be in the form of equity, debt or a combination of several financial solutions that get them the funding required to pursue the purchase of another business. Why do Businesses…
Read MoreA Guide to Accounting for Factored Receivables (inc Example)
When you begin invoice factoring, your invoices are transferred to the factoring company for collection and they cease to be a debt (or liability) on your balance sheet. Accounting for factored receivables involves different treatment to a traditional bank loan as these two financing arrangements have distinct characteristics and implications for the business’ financial statements.…
Read MoreWhy Do Companies Outsource? Hiring from Outside
Companies who outsource in 2023 are doing it for the very same reasons as companies that were considered early-adopters in the late 1980s. Whilst the reasons for outsourcing remain largely unchanged, attitudes towards it have come full circle. In the 60s and 70s business models were centered around businesses directly managing and controlling all its…
Read MoreSallyport Funds Oil & Gas Business’ Third Acquisition
Our existing client moves full steam ahead with their growth plans as Sallyport funds their third business acquisition. $2,000,000 in accounts receivable finance will allow them to refinance an existing bank line which proved too small for their expansion plans. This is the companies’ third factoring arrangement with Sallyport, due in no small part to…
Read More$2M Finance for Global Tech Leader in Growth Mode
Sallyport is excited to announce the funding of a global leader in digital technology who is revolutionizing live 3D communication worldwide. A $1,800,000 in accounts receivable finance and a $200,000 inventory facility will support the rapid growth of the company, not only in their North American locations, but further afield in their UK and Singapore…
Read MoreWhat to Do When the Bank Says No : Alternative Business Funding Sources
Obtaining bank financing has always been difficult for certain businesses and the current economic environment is making it even more so. Unfortunately, widespread turmoil in markets both at home and abroad, rising inflation and recession have resulted in many traditional banks tightening their lending standards in 2023. These decisions come down to risk and as…
Read MoreRecycling Industry : From Niche to Mainstream
Awareness around environmental impact and prevention of climate change has really gathered pace over the past 40 years, shaping the recycling industry as it stands today. It was only after the mass consumerism of the 1950s to 1980s and the realization of the environmental repercussions that had, before consumers and businesses really started thinking about…
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