Sallyport Commercial Finance has provided a $500,000 Accounts Receivable facility to a startup in the staffing industry. Facing rapid contract growth in their early stages, the company sought funding to bridge working capital gaps and support payroll operations.
The client has been focused mainly on entry level labour roles such as warehouse operations, garbage hauling and assembly line personne, however, the business has ambitious plans to grow organically with additional contracts and also expand their services to provide professional and white-collar personnel.
The decision to partner with Sallyport came from one of the owner’s prior positive experiences and familiarity with our systems and team. Aside from this, they cited professionalism and competitive rates as being key to working with us.
Dean Winter, Business Development Executive with Sallyport showed enthusiasm for supporting a true Canadian entrepreneur with their vision…
“It was a privilege to collaborate with such a smart and experienced team on their new venture. Supporting entrepreneurs is at the heart of what we do at Sallyport, and I’m excited to see how they grow and succeed in the future.”
Sallyport looks forward to supporting the company’s ongoing growth and success in the staffing market.
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