Posts by Jayne Nicholson
How 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…
Read More$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…
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