Posts by Jayne Nicholson
Why 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…
Read More$250,000 Finance for Ontario Tech Company
A quick turnaround was in order for this growing Canadian B2B tech company who we’ve just equipped with $250,000 in accounts receivable finance. The client was referred to Sallyport through a broker and needed an influx of working capital to support their payroll obligations while they focus on growing their client base. Dan Millar, Vice…
Read MoreOff-Balance-Sheet Financing : Purpose, Place and Planning in Business
Off-balance-sheet financing (OBSF) is an alternative method of business financing that may be used in specific situations where traditional bank financing isn’t an option. Off-balance-sheet financing refers to a practice where a company obtains funding or assets without recording them as liabilities on its balance sheet. This approach allows businesses to manage their financial obligations…
Read MorePartnerships that Protect Treasury Management
Treasury management is the process of managing an organization’s financial resources in order to optimize cash flow, minimize financial risk and maximize investment returns. In the case of banks, treasury management involves managing their cash and liquidity position to ensure that it has sufficient funds to meet its financial obligations, such as paying depositors and…
Read MoreStaffing StartUp Shaking Up Market with $500,000 Finance
$500,000 in accounts receivable finance is supporting an innovative staffing startup in achieving their growth ambitions. The client was introduced to Sallyport directly by a broker pre-pandemic and we’ve nurtured a relationship with them since then. Experiencing the age-old challenge for staffing businesses; payroll to be made weekly but debtors only paying in 30 –…
Read MoreDisclosure Laws Incoming – Commercial Lenders Prepare to Comply
Many U.S. states have either already introduced commercial lending disclosure laws or are in the process of passing new legislation. These new laws are requiring commercial lenders to make consumer-type disclosures to borrowers in commercial lending transactions; unless they are exempt through their status as a provider or the loan type being offered. The primary…
Read More