Posts by Jayne Nicholson
Pet Industry on a ‘Pawsitive’ Streak
Pets became priority again during the pandemic with owners forced to stay home to work and fill the void created by isolation with a furry friend instead. 18% of Canadian and 14% of US households surveyed, reported getting a new pet during the pandemic. For those with existing pets, owners also spent much more than…
Read MoreHarnessing Growth Opportunities in the Beauty Industry
The beauty industry is big business and it’s getting even bigger. Globally, sales reached $511B in 2021 and are estimated to exceed $716B by 2025 with North America taking the biggest slice of the pie according to Common Thread Co. Source: Common Thread Co. The industry encompasses all kinds of businesses and products from hair…
Read More$500,000 Finance Ignites Expansion of Energy Services BusinessÂ
We’re delighted to announce that Sallyport has funded another business in expanding their operations in North America. A $500,000 accounts receivable facility will provide the working capital needed for the client to disrupt the energy services market with their innovative seal technologies and enhance their presence in the region. This client was referred to Sallyport…
Read MoreOil and Gas Company Set for Success with $4,000,000 Growth Capital
Sallyport is pleased to announce a mid-May funding of $4,000,000 in growth capital for a company providing products and services to the oil and gas industry. This client was known to Sallyport through an existing customer and as the relationship grew, Sallyport were approached to provide the funding they needed. A combination of primarily accounts…
Read MoreFinancing Business Through Interest Rate Risk
Financing Business Through Interest Rate Risk Just a few short months back business owners were earnestly trying to come back from Omicron and wondering whether they would be facing another blow to their recovery through a rise in interest rates. Fast-forward to now and there’s more certainty around where economic policy is headed in North…
Read MoreSallyport Provides $1.5 Million Finance to Boost Truck Rental Business
A $1.5 million factoring facility has just been approved for a Canadian truck rental and servicing business currently operating out of Ottawa, Montreal and Toronto. The client was referred to Sallyport directly from another finance company and requires the funds to facilitate payroll payments, settle some debt and allow for ongoing working capital while they…
Read MoreTop 10 Ways to Improve Performance in Food and Beverage Manufacturing
There’s no doubt, being in the food and beverage manufacturing industry at this point in time is tough. It was never an industry for the faint-hearted, competing with established big brands and falling foul to ever-changing consumer behavior and strict regulations. The market is growing, however consumers are looking for more value, buying into sustainable…
Read More$3.5 Million Funding For Bottling Company to Pursue Global Goals
Sallyport is delighted to announce $3.5 million funding for a family-owned natural water bottling company headquartered in Texas. The financial package, comprising a $3 million accounts receivable facility and $500,000 cash flow loan will facilitate their growth with additional working capital to cover operational expenses for payroll and suppliers, allowing them to scale-up the business…
Read MoreCanadian Business and The 2022 Federal Budget – Key Takeaways
It’s fair to say small businesses didn’t feature massively in the Canadian 2022 Federal Budget proposed last week. Although there were a handful of measures aimed solely at business, much of the focus was on individuals, families and affordability as well as incremental spending on defense. Ultimately though, many of the proposals impacting individuals also…
Read MoreMerchant Cash Advance (MCA) – Bad for Business?
Both new and established businesses can suffer from cash flow problems occasionally and need to access funding to help them through those times when monthly expenses outweigh cash-on-hand. Securing small business finance shouldn’t be an issue in itself, however many businesses won’t qualify for a bank loan because of lack of time in business or…
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