Archive for July 2022
$1,200,000 Million Growth Capital for Eyewear Brand
This rapidly growing eyewear brand was referred to Sallyport by our contact who specializes in standallone inventory finance. Eco-friendly alternatives are popping up in each and every industry and giving consumers the choice to move away from products that we know do more harm to the planet. This brand goes even further in that it…
Read MoreElectronic Bikes Distributor on a Roll with $500,000 Finance
We’re pleased to announce a new Canadian client for July as we welcome on board a growing electronic bikes distributor with a $500,000 invoice factoring facility. The client, previously self-financed, was referred to Sallyport by our contact in the mortgage market and needed an injection of working capital to progress their plans for expansion into…
Read More$7,500,000 Finance for Fragrance Industry Leader
We welcome another fantastic client to Sallyport in July as we provide $7,500,000 in finance for fragrance industry leaders in the U.S. After funding the business’ Canadian entity earlier this year, we’re delighted to bring on board the U.S. side of the organization with a $7.5 Million total accounts receivable facility. The client will utilize…
Read More$12,000,000 Boost for Oil and Gas Services Business
We’re delighted to announce July funding of $12 Million for a company in the Oil and Gas Services industry. Referred to Sallyport by a private equity group with whom we’ve worked before, the client required the funds to exit their existing bank relationship and raise further finance for ongoing working capital needs. Nick Hart, Sallyport…
Read MoreHow Can Staffing Agencies Manage Labor Shortage?
It is becoming increasingly difficult for staffing agencies to meet the demands of clients by finding top talent. Many companies are having difficulty filling their staffing needs despite a slight decrease in unemployment rates in the US and record low unemployment in Canada. The reasons for these difficulties are complex; whereas in a typical economic…
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