Posts by Jayne Nicholson
Article 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…
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,…
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