12/23/2019 – Ontario, CAN – Sallyport Commercial Finance provides a $2,000,000 Accounts Receivable facility to a company that specializes in magazine and catalog printing.
The business’ broad experience in the publications sector caters to manufacturers, distributors, and other industries throughout Canada.
“With expedited growth due to acquisition, our Ottawa based client could not gain access to traditional bank finance. However, with a strong management team, ambitious plans, and healthy parent company behind them, we were delighted to be their chosen finance partner,” states Calum Williamson, Managing Director.
Introduced by a local law firm, Sallyport is pleased to put this $2MM facility in place, giving this company the working capital they need to meet payroll and accommodate their critical vendors. With a strong foundation and a relationship with two other businesses in the industry, including assistance from Sallyport, the company can fulfill their mission of helping Canadians save, businesses grow and neighborhoods thrive.
Why Do Companies Outsource? Hiring from Outside
Companies who outsource in 2023 are doing it for the very same reasons as companies that were considered early-adopters in…
Read More
Canadian Business Insolvencies Surge: What Lies Ahead?
In 2024, Canada experienced a significant surge in insolvency filings, with a notable 12.1% increase compared to the previous year.…
Read More