Newsroom
Sallyport Supports Licensed Apparel with $750K Facility
Sallyport Commercial Finance is pleased to announce the successful funding of a $750,000 Accounts Receivable Financing facility for a licensed apparel and accessories company experiencing rapid growth.
The company has seen a surge in demand driven by licensed merchandise programs tied to major international sporting events. With increased production requirements came the challenge of managing the timing gap between upfront manufacturing costs, vendor payments and extended customer payment terms. To maintain momentum and meet order volumes, the business required a flexible working capital solution aligned with its project-based model.
Through a broker referral, Sallyport delivered a tailored receivables-based facility designed to support the company’s cash flow cycle. The funding will be used to meet ongoing working capital needs, including ensuring timely payments to both overseas and domestic vendors, enabling uninterrupted production and consistent, on-time delivery to customers.
With secured licensing for the 2026 FIFA World Cup scarf program, the client is well-positioned for continued expansion. Looking ahead, the company aims to grow its licensed product portfolio further, including pursuing opportunities tied to the 2027 FIFA Women’s World Cup.
Sallyport was selected for its ability to provide a flexible financing structure and execute efficiently in a fast-paced, demand-driven environment. By working closely with the referring broker, the team ensured a seamless process and a solution built to scale alongside the company’s growth.
“This transaction underscores our strength in supporting project-based businesses with flexible working capital solutions aligned to real receivables and demand. Great execution by our underwriting team in delivering this facility,” said Kevin Yoon, VP Business Development for Sallyport.
Search
News
$500K Facility Drives Tire Distributor Expansion
Growing businesses often need access to flexible working capital to take advantage of opportunities when they arise. For one tire…
Read More$5M Facility Powers Kitchen Cutlery Brand Growth
Sallyport Commercial Finance is delighted to announce the successful funding of a $5,000,000 combined Accounts Receivable and Inventory Finance facility…
Read MoreArticles
Canadian Labour Market Stalls: A Concern for Businesses?
In June 2024, the Canadian labour market witnessed a surprising development with the loss of 1,400 jobs, marking a rare…
Read MoreCanada’s Weak Loonie: Implications for the Economy and SMEs
As of late 2024, the Canadian dollar, affectionately known as the “loonie,” has hit a low not seen in over…
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