Posts by Jayne Nicholson
Staffing 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…
Read MoreDestination Madagascar for Apparel Businesses?
Madagascar, the fourth largest island in the world, located off the southeastern coast of Africa, has experienced a period of economic growth in recent years that is gradually positioning it as an attractive destination for foreign investment, particularly from those seeking a new base for apparel businesses. While the country has historically faced significant challenges,…
Read MoreGame 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…
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