Posts by Jayne Nicholson
$1,000,000 Finance for Canadian Food Manufacturer
We’re delighted to announce $1,000,000 accounts receivable finance for an ambitious Canadian entrepreneur in the food manufacturing industry. The business was referred to Sallyport through a US competitor who wasn’t able to finance a Canadian organization. Our flexible approach and evident ability to support them in enhancing their accounts receivable processes, ultimately helped secure their…
Read MoreTop 10 Ways to Improve Performance in Food and Beverage Manufacturing
There’s no doubt, being in the food and beverage manufacturing industry at this point in time is tough. It was never an industry for the faint-hearted, competing with established big brands and falling foul to ever-changing consumer behavior and strict regulations. The market is growing, however consumers are looking for more value, buying into sustainable…
Read MoreDebtor in Possession Financing – A Complete Guide
If your business is experiencing severe financial challenges and considering filing for bankruptcy, all may not be lost as there is a special type of financing meant for businesses that are in bankruptcy. Many businesses will be unaware of the advantages of this type of financing but debtor in possession financing (or DIP financing) is an…
Read MoreUsing Staffing Factoring to Overcome Industry Challenges
Staffing factoring essentially refers to invoice factoring when used by a staffing company. Factoring for staffing companies, whilst the specific terms and advances of the arrangement may differ, works just like an invoice factoring transaction would in other industries. The staffing company sells its accounts receivable (unpaid invoices) to a third-party financial company, known as…
Read MoreOil and Gas Business Moves Forward with $350,000 Finance
An oil and gas services business has finally got the funding they need to step forward with their plans after the bank was unwilling to extend their facility. A $350,000 accounts receivable facility will allow the company to reduce their accounts payable obligations and focus on growing sales in some of their target regions. The…
Read More$1M Finance Secures Bright Future for Lighting Manufacturer
We’re delighted to announce a $1,000,000 accounts receivable facility for a lighting manufacturer headquartered in Tennessee. The business held a very strong sales position through the pandemic, however with subsequent supply chain challenges and inflationary pressure, sales plateaued over the last couple of years. The market is now experiencing an uptick in activity and the…
Read MoreOpen Door Immigration Policy – Good or Bad for Canadian Business?
Canada’s population is growing at a record pace driven by the current open-door immigration policy and the need for skilled workers. In 2022, and for the first time in Canadian history, the population grew by over 1 million people to 1,050,110 representing the highest annual population growth rate since 1957. As the population hit 40…
Read More$500,000 Enables Cross-border Expansion for Manufacturer
As an existing Canadian client, Sallyport was able to support the growth of this concrete manufacturer into the USA with our cross-border expertise. The business will use the $500,000 facility to continue adding vehicles to their inventory across North America. Dan Millar, Vice President Sallyport Canada remarked… “This was an existing Canadian client that wanted…
Read MoreOil and Gas Services Gets $1.5M to Sustain Sales Momentum
Sales growth meant this flourishing oil and gas services business needed additional working capital to fulfill a growing number of orders. With a limited financial history, the banks were reluctant to help and they were referred to Sallyport. A $1,500,000 accounts receivable facility will give them the working capital required for day-to-day operations while they…
Read MoreChanges to SBA 7(a) Loan Fees – What you Need to Know
The U.S. Small Business Administration (SBA) has recently completed its annual review of the fees that it charges lenders under the 7(a) small business loan program. This process sets out the fees that a lender must pay under the SBA program for all loans approved in the upcoming fiscal year. The latest information notice (5000-848801)…
Read More