12/2020 – Alberta – Sallyport Commercial Finance delivers a $500,000 Accounts Receivable facility to an industrial safety firm providing essential medical and rescue services to the oil and gas industry.
The business owner was seeking a financing partner that would help him manage the newly awarded contract with his customers and provide assurances to cover payroll. Working with their financial consultant, Sallyport was successful in structuring a solution that will provide the business fresh working capital needed for continued success and positive growth.
“This deal was a great win as we worked with the incumbent bank to produce a repayment plan that ensured our new cash was left in the business”, states Calum Williamson, Managing Director. “The company has a bi-weekly payroll commitment with customer payments every 45-60 day! With our credit facility in place, the company can confidently meet these commitments and focus on saving lives.”
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