Sallyport Commercial Finance is proud to announce a new funding for a Canadian client in the wholesale and distribution industry, providing them with $250,000 in Accounts Receivable (AR) financing. The client turned to us for support in relaunching their business post-COVID.
Due to the impact of the pandemic, the client’s business is effectively operating as a startup once again. Sallyport’s funding will provide essential working capital, enabling the client to focus on growth and stability. The primary objective is to drive business expansion and position the company for long-term success, ultimately allowing the client to hand down the company to the next generation.
Sallyport was the first choice partner for the client, thanks to our decade-long relationship with them.
“It is special to be helping so many entrepreneurs. The pandemic significantly hindered this client’s business, and Sallyport was thrilled to be able to help in their future growth and development, supporting them in achieving their long-term goals”, said Dan Millar, Vice President of Sallyport in Canada.
As Sallyport continues to support businesses looking to secure financial growth, this latest funding package reflects our commitment to helping companies overcome obstacles and thrive.
Meet Ingrid Chen – Sallyport Senior Account Executive
Meet Ingrid Chen – Finance Professional with over 30 Years’ Experience Ingrid has spent 27 years in the factoring and…
Read More
A Guide to Accounting for Factored Receivables (inc Example)
When you begin invoice factoring, your invoices are transferred to the factoring company for collection and they cease to be…
Read More