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Electronic Bikes Distributor on a Roll with $500,000 Finance

We’re pleased to announce a new Canadian client for July as we welcome on board a growing electronic bikes distributor with a $500,000 invoice factoring facility.

The client, previously self-financed, was referred to Sallyport by our contact in the mortgage market and needed an injection of working capital to progress their plans for expansion into other Canadian provinces. Our services were chosen as we were able to get the funds out more quickly than the competition.

Dan Millar, VP Canada, noted the importance of Sallyport being able to move swiftly for the client…

We were able to get the client the funding they needed in less than two weeks from receiving the signed application and this included the buyouts and subordinations that were needed. This is testament to the entire Sallyport Commercial Finance team and their ‘can-do’ attitude; the customer now has the working capital they need to expand their business throughout Canada.

We look forward to seeing the client achieve their hopes and dreams and grow their business with our support.

 

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