Posts by Jayne Nicholson
$1,500,000 Accelerates Rapid Growth for Oil Services Business
Sallyport is pleased to announce $1,500,000 in accounts receivable finance for a US oil and gas services business. The client had been a long-term prospect and was in need of a lender to support them in high growth mode. The funds will enable them to continue acquiring complementary businesses in the oil and gas space…
Read MoreTreasury Announce $1 Billion Small Business Support for 11 More States
U.S. Department of the Treasury recently announced an additional $1 billion in small business support in a further 11 states that may have been overlooked and underserved previously when it comes to securing growth capital. The funds have been agreed under the ‘American Rescue Plan’ which expands and reinvigorates the State Small Business Credit Inititiative…
Read MoreOil and Gas Company Regroup with $1,750,000 Capital
Sallyport are delighted to announce $1,750,000 in accounts receivable finance for an oil and gas company in the US. The client was referred to Sallyport through an existing client in the energy services space who were more than happy to recommend our services. We secured the business through our clients’ strong connection with the prospect…
Read More$400,000 Finance Sets Scene for Industrial Manufacturer to Grow
A $400,000 tailored financial solution has just been put together for an industrial manufacturer based on the West Coast of the US. The package is made up of a $120,000 cash flow loan with the remainder consisting of an accounts receivable facility The client was referred to Sallyport by a broker and had spiraling Merchant…
Read MoreHow do Business Owners Lead Through a Recession?
Managing and leading a business is difficult at the best of times, but with talks of recession looming and businesses still reeling from the impact of world events over recent years, things are far from getting easier. Business owners of more established companies will be no strangers to recession, in fact it’s a normal part…
Read MoreDoes Your Business Qualify for the ERTC Tax Credit?
The Employee Retention Tax Credit (ERTC) was established in 2020 as part of the CARES act in order to encourage employers to retain employees despite the negative economic effects of the pandemic. The program is administered by the IRS and has many benefits for businesses, however NFIB research suggested that only 4% of small business…
Read More$500,000 Finance Furthers Growth for Oilfield Services Company
Sallyport is delighted to announce $500,000 finance for an oilfield services company offering saltwater disposal services in the field. The client contacted Sallyport directly as they were struggling with their receivables collections and needed to utilize our expertise in Accounts Receivable management whilst using the influx of working capital to cover their payroll expenses. Now…
Read More$500,000 Funding Puts Seafood on the Plate in New Places
A $500,000 full notification factoring facility has just been finalized for a growing wholesaler of seafood products based on the East Coast of Canada. The client was referred directly to Sallyport by another factor who held a long-standing relationship with the customer over the past decade but was soon to retire. Now that the client…
Read More10 Common Cash Flow Problems for Businesses
Cash flow is a fundamental metric that’s used as an indicator of the financial health of a business. In essence it’s the net amount of cash flowing into and out of a business within a set period of time. If within that time there’s more than enough cash on hand to pay all bills and…
Read MoreThe Up and Up of North American Smart Manufacturing
Since the turn of the century, manufacturing has evolved greatly. As new, advanced technologies drive the industry forward, manufacturing is clearly heading for a more automated, information-driven future and it’s known as Smart Manufacturing. According to The North America Smart Manufacturing Market report, the North American smart manufacturing market is expected to reach a CAGR…
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