Newsroom
Sallyport Canada Welcomes Food Industry Manufacturer
Sallyport Canada welcomes a flourishing food industry manufacturer to the portfolio with $250,000 in accounts receivable finance. The business is a prime example of the resilience of a small business owner whose belief and ability to pivot in a quick-changing market has resulted in a thriving company.
Referred to Sallyport by a broker in our network, the client was forced to transition from bakery to pre-packaged product during the pandemic and after subsequently securing several contracts with major distributors on extended payment terms, needed a finance partner to help them bridge the gap in their cash flow.
The funds will allow them to launch new products, get into more retailers and fulfill their vision of helping families create healthier baked goods at home.
Calum Williamson, MD for Sallyport Canada stated…
“This is a fantastic opportunity to support a 100% female owned company, who transitioned brilliantly during the onset of the pandemic to support homeworkers with a gluten-free, naturally sweetened line of home baking products. We are looking forward to supporting their growth and also tasting their products!”
Search
News
Floral Business Set to Flourish with $1.2M Finance
Sallyport Commercial Finance is excited to announce the successful funding of a $1.2 million accounts receivable facility for a supplier…
Read MoreStaffing Startup Races Ahead with $500,000 Funding
Sallyport Commercial Finance has provided a $500,000 Accounts Receivable facility to a startup in the staffing industry. Facing rapid contract…
Read MoreArticles
Understanding Business Acquisition Financing
At the simplest level, business acquisition financing is the capital that needs to be obtained for a company to purchase…
Read MoreHow to Qualify for Invoice Factoring
Steady, predictable cash flow is the main reason businesses use accounts receivable financing but if you’ve never done it before,…
Read MoreVideos
AG Machining Client Testimonial
AG Machining Client Testimonial
View NowThe Most Financial Time of the Year
Sallyport commercial finance’s Annual Holiday Music Video!
View Now