Posts by Jayne Nicholson
What 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 MoreRenewable Energy Services Taking Off with $1,000,000 Finance
We are delighted to announce $1,000,000 in accounts receivable finance for a business providing services to the renewable energy industry. The client has been operating a successful business in the UK and recently opened a US Company to serve a larger market. Their challenge was covering payroll as they needed to hire additional technicians in…
Read MoreClient Referral Program – Refer and Earn up to $2,500
$500,000 Gets New Oil and Gas Company Off the Mark
We’re delighted to announce the late March funding of a new business in the Oil and Gas Services industry. $500,000 accounts receivable finance will give them the working capital required to support their rapid projected growth. Referred to Sallyport by a banker, the company being new and only just beginning to bill their clients, couldn’t…
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