Newsroom
Sallyport Commercial Finance helps Canadian Industrial Safety Firm
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!
Search
News
Growing Strong: $10M Funding Boost for AgTech Innovator
We are thrilled to announce that Sallyport Commercial Finance has successfully provided a $10,000,000 facility to a leading hydroponic and…
Read MoreFueling Growth: $500K Funding for GTA Staffing Leader
Sallyport Commercial Finance is thrilled to announce a new $500,000 factoring facility for a fast-growing staffing company in the Greater…
Read MoreArticles
Understanding Accounts Receivable Turnover Ratio for Business
Accounts receivable turnover ratio, also known as debtor turnover ratio, is an accounting measure used to calculate how efficient a…
Read MoreWhat are the Biggest Risks to Business in 2021 and Beyond
If this was asked at this point last year, the response would be in major contrast as to the biggest…
Read MoreVideos
American Business Women’s Day
Sallyport Commercial Finance Celebrates American Business Women’s Day
View NowWhat is Factoring?
Here we explain what exactly factoring is and how we can help your cash flow…
View Now