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!”