Posts by Jayne Nicholson
$1,500,000 Finance for Food Manufacturer on Growth Spurt
Sallyport is pleased to announce accounts receivable finance of $1,500,000 for a frozen food manufacturer to round off our March business. The price of dairy products such as eggs has increased massively since 2020 and the finance will enable the client to prepay suppliers for these ingredients, locking in better pricing for more predictable profit.…
Read MoreFurniture Manufacturer Forges Ahead with $1,750,000 Finance
After two years’ of extremely challenging conditions for this business due to the pandemic, we’re delighted to announce $1,750,000 in finance for an office furniture manufacturer. Manufacturing high quality office furniture from their factory in LA, the client was referred to us via a contact in the banking industry. The finance comprises $1,500,000 accounts receivable…
Read MoreExisting Oil & Gas Client Gets $2,000,000 to Further Acquisition
An existing Sallyport client in the Oil and Gas Services space has just been equipped with $2,000,000 accounts receivable finance to fund their most recent acquisition in the sector. Initially referred to Sallyport by a contact in the investment banking industry, the client is moving forward with their expansion plans, acquiring complementary businesses in the…
Read MoreApparel Business Advances with $300,000 in Finance
Sallyport are pleased to welcome on board an apparel startup with $300,000 in accounts receivable finance. The company was a previous client for Sallyport SVP Alexandra Scoggin and required a lender who would support the growth of their brand in the eco-friendly apparel space. SVP for Sallyport, Alexandra was thrilled to be the first and…
Read MoreCanadian Labour Market Defies Expectations – What Next for Businesses?
Statistics Canada recently published their monthly labour force survey which showed unemployment held steady at 5% in January. That figure doesn’t say much in itself but underlying that stat is the fact that 150,000 jobs were added to the economy, instead of the 5000 that were predicted by RBC. As the labour market defies everyone’s…
Read More$750,000 Finance for Digital Marketing Agency
Sallyport are pleased to welcome on board a growing professional services business with $750,000 in accounts receivable finance for a digital marketing agency. The client was referred directly to Sallyport through a key relationship with a UK business banker. As the clients’ UK bank and indeed several other UK banks, no longer fund foreign subsidiaries…
Read MoreBusiness Debt Consolidation – Everything You Need to Know
Business debt consolidation does exactly what you might expect; consolidate a number of varying business debts into a new agreement. It’s no surprise that many small and medium-sized businesses have resorted to multiple types of debt finance to get them through the last few tumultuous years. Continued inflationary pressures have driven the need for external…
Read MoreHow Do Businesses Benefit from a Cash Flow Loan?
Businesses experience cash flow challenges for a number of reasons. These problems are not all bad news; a company may be growing so fast for example, that a short-term need arises for additional working capital and existing credit lines won’t stretch far enough. These funds take the strain off cash flow and can help with…
Read MoreProject Management Business Sets Sights on Growth with $850,000 Finance
In a deal that closed 2022 for Sallyport Commercial Finance, a US project management business has been equipped with an $850,000 accounts receivable facility. Referred to Sallyport by our contact in investment banking, the company has some tremendous growth opportunities. They anticipate more than doubling their employees from 27 to 60 this year. Each employee…
Read MoreSallyport Provides over $2.8M Finance for Flourishing Print Fulfilment Business
Sallyport is delighted to announce $2,825,000 in finance for a Canadian print business. The funding comprises $2.5M accounts receivable and $175,000 equipment finance and $150,000 in the form of a cash flow loan. As an existing client, satisfied with Sallyport’s service, the business was more than happy to approach us to support them with their…
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