A Canadian cold storage and logistics company has just been equipped with a $6,000,000 bulk factoring facility to strengthen their working capital position.
Referred directly to Sallyport by one of the big banks, our ability to run the arrangement via a borrowing base factoring facility was key to securing the business. The funds will be used for day-to-day working capital, enabling the client’s growth after taking on a large U.S. contract.
VP for Sallyport Dan Millar was delighted that Sallyport’s capabilities were showcased in a more complex situation…
“This deal was referred to us by a large Canadian bank and was a true reflection of Sallyport’s capabilities and flexibility. It was not straightforward but we were able to repay the bank in full along with giving the client some much needed extra working capital.”
We’re very excited to witness the client’s growth as we support them with the funds required to take on new business.
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