Posts by Jayne Nicholson
$1.9 Million Finance for Distribution Business
Sallyport have lightened the load for a growing bulk container distribution business, supporting them with $1.9 million in finance comprising an accounts receivable facility and a $500,000 cash flow loan. Referred to Sallyport by one of our competitors, the ability to quickly construct a tailored solution which perfectly suited their business was fundamental to Sallyport’s…
Read MorePrint Industry Pushed To Limits
In many industries stock constraints have begun to ease over recent weeks. Fears over virus cases and transmission seem finally to be dissipating and although the reasons behind empty shelves remain complex, there is a ‘feeling’ that things are getting back to some level of predictability. This may be the case for electronics and auto…
Read MoreApparel Purchase Order Financing – Perfectly Coordinated Funding
The apparel industry has many nuances, cash flow constraints being one of the most significant and challenging. Long delays between placing an order and having it delivered to the end customer, along with an extended period between delivery and payment and it can sometimes be a six-month cycle without any cash flowing into the business. …
Read More$7,500,000 Finance Fuels Oil and Gas Industry Manufacturer
Sallyport is delighted to add another client in February with $7,500,000 Accounts Receivable funding for a tank manufacturer to the Oil and Gas industry. The manufacturer’s products are in huge demand and with a significant backlog of $80m worth of orders, they needed working capital to satisfy an investor loan and meet their payroll whilst…
Read MoreExisting Staffing Client Entrusts Sallyport to Finance Expansion
The best testimonial we could have is an existing client entrusting us with their continued growth. Our client who provides staffing services to the energy industry has just been equipped with a $500,000 accounts receivable facility to finance expansion and support their opening of a new division. This facility will enable them to manage working…
Read MoreAre Small Business Loans Hard to Get?
Small business loans have been the primary source of external financing for businesses and entrepreneurs for hundreds of years and banks still constitute around 70 percent of all lending supplied to businesses. It’s unsurprising then, that outside of personal funds, a loan from a high street bank is usually the first thing that comes to…
Read More$5,000,000 Finance Package Fuels Health Drinks Manufacturer
The health and wellness industry is flourishing and Sallyport is excited to be part of this growth, providing a $5,000,000 finance package for a North American manufacturer of health drink products. The Canadian client with a U.S. subsidiary produces nutritional health drinks aimed at the over forties. The products promote muscle recovery, improved energy levels…
Read MoreCan You Get a Business Loan with Bad Credit?
Good credit management is one of those things that you only value when you really need it. When it comes to securing finance to grow a business, getting a small business loan may not be as straightforward as you’d hoped if you’ve neglected to keep an eye on your credit score and bad credit control…
Read More$250,000 Funding Boost for Canadian Apparel Manufacturer
Sallyport Canada is pleased to announce a $250,000 invoice factoring facility for a manufacturer of protective work wear and technical apparel.    The client was referred to Sallyport by our broker network when their facility was ‘capped’ by the bank and they needed an alternative source of working capital to support their growth ambitions. The facility…
Read MoreInterest Rates and Business – Weathering the Storm
After almost a year of debate on ‘will-it-or-won’t it’ be transitory inflation, it’s clear that price increases are now far stickier than anyone would like and they’re not simply disappearing along with supply chain issues as the government led us to believe. In fact, with the onset of Omicron in December 2021 adding to supply…
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