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.”
Securing the Hopes and Dreams of entrepreneurs, it’s what we Do!
How Do Businesses Benefit from a Cash Flow Loan?
Businesses experience cash flow challenges for a number of reasons. These problems are not all bad news; a company may…
Read More
Debtor in Possession Financing – A Complete Guide
If your business is experiencing severe financial challenges and considering filing for bankruptcy, all may not be lost as there…
Read More
AG Machining Client Testimonial
AG Machining Client Testimonial
View Now