Posts by Jayne Nicholson
$1.5MM Finance for a Distribution Company in MidWest
We’re excited to announce finance of $1,500,000 for a distribution company operating out of mid-western US. Our client will utilize the funds, comprising $1,250,000 in accounts receivable financing and $250,000 as a small business loan, to expand upon their current customer base and focus on the servicing of smaller companies. The client was referred to…
Read MoreCOVID-19: Catalyst or Concern for the Telecoms Industry
The telecoms industry is made up of diverse sectors and has so far suffered an equally diverse range of impacts from COVID-19. The sector is no stranger to a recession and in a way a ‘normal’ recession might have been easier to prepare for than the disarray that COVID has caused. In the immediacy of…
Read MoreTech-services company set for growth with $500,000 in Finance
Sallyport are pleased to announce $500,000 in funding to a US based tech-services company. The business will use these vital funds to enable their expansion into new regions. Dan Millar, VP comments… “We were very happy to help this US-based client. It was a quick approval & funding process which certainly highlighted our cross border…
Read More$2MM Finance Allows Canadian Manufacturer to Achieve Acquisition Goal
Sallyport commercial finance are delighted to announce a total fund of $2MM to a Canadian manufacturer of home improvement products based in New Brunswick. Referred to Sallyport by one of Canada’s top 3 commercial banks, the client had identified a strategic opportunity to acquire a complementary business, whose parent company was already going through a…
Read MoreFinancing a Business Restructure and Turnaround
Financing a business restructure is one of many reasons a business may need to supplement their finances. Restructuring is usually considered when a business goes through a period of constrained cash flow. This could be as a result of losing a significant customer, investing in the wrong markets or who would have thought; a global…
Read MoreFinancing a Professional Services Business
We often regard professional services businesses as being easier to manage than a product based business and in a lot of ways they are; they can be set up by one person at very little cost, there’s no stock to hold or supply chain issues to contend with and overheads are minimal and generally, a…
Read MoreSallyport helps boost Texas Chemicals Manufacturer with $7.5 Million in Funding
Sallyport commercial finance has provided a $6,000,000 million accounts receivable facility and $1,500,000 million inventory facility which will enhance working capital and facilitate the chemical and oil and gas manufacturer in progressing their growth plans. The client was referred to Sallyport by a partner in the investment banking area, as their previous provider ceased the…
Read MoreCould Trade Credit Insurance Save Your Business?
Trade credit insurance or accounts receivable insurance is a type of corporate insurance policy within the Property and Casualty business insurance category that protects sellers against buyers that can’t or won’t pay for goods or services they have received. If payments are delayed or not made at all, perhaps through default, insolvency or bankruptcy on…
Read MoreSallyport Provides Startup Steel Fabrication Business $500k credit facility
Sallyport commercial finance has provided a $500,000 credit facility to a startup steel fabrication business in Texas, giving them the financial foundation they need for achieving their potential. “A local business consultant knew that Sallyport would be the ideal finance partner in helping a new start steel fabrication company based in Texas. We are pleased…
Read MoreHow to Choose an Invoice Factoring Company
You’ve already done your research and invoice factoring seems to be the most suitable option for financing your business. Other than opting for the company with the lowest monthly fees or highest advance rate, how do you choose the best invoice factoring company for your needs? Factoring companies use a similar set of underwriting principles…
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