Posts by Jayne Nicholson
5 Ways to Save Money with Full Service Factoring
The primary benefit of invoice factoring for businesses is no doubt quick and easy access to working capital. This capital enhances cash flow and can be used for pretty much whichever purpose the business sees fit. For smaller companies or startups without access to conventional lending, that’s one big reason to use factoring services; another…
Read More$7,500,000 Funding for Electronics Distributor
Sallyport are delighted to announce that we’ve just provided a $7,500,000 accounts receivable facility for an electronics distributor. Referred to us by their current lender whom we will work alongside, the client has a highly seasonal business and needed to free-up working capital to be able to secure enough stock for the holiday season whilst…
Read More$900,000 Finance for Growing Staffing Business
$900,000 in Accounts Receivable finance sets up staffing business for stateside growth. The client was referred to Sallyport via our partner in the banking industry. They were experiencing accelerated growth and with long payment cycles, this caused some cash flow issues which saw them looking for a finance partner to help them make their payroll,…
Read More$4,000,000 Finance For Rapid Growth Staffing Company
Sallyport’s fall fundings continue with a $4,000,000 Accounts Receivable facility for a US staffing company experiencing rapid growth. The client was referred to Sallyport via a CPA and one of our industry competitors at a time when they started accelerating growth exponentially; the preceding factoring provider felt uncomfortable adapting to their growing financial requirements. Sallyport’s…
Read More$1,500,000 in Funding for Expansion of Staffing Firm
Sallyport are thrilled to announce $1,500,000 in funding to a Canadian staffing firm serving the oil and gas services, mining and construction industries with permanent and temporary staffing solutions. The company is a subsidiary of one of Sallyport’s existing and very successful US clients and was originally referred to Sallyport by a contact in the…
Read More$1,000,000 Accounts Receivable Finance for a StartUp
Sallyport are delighted to announce another early September funding – $1,000,000 accounts receivable finance for a startup business manufacturing sustainable, eco-friendly kitchenware. The $1,000,000 facility will be used in conjunction with purchase order financing to support their rapid growth, enabling them to fulfill a number of larger orders that they’ve recently secured. The client was…
Read MoreHow to Qualify for Invoice Factoring
Steady, predictable cash flow is the main reason businesses use accounts receivable financing but if you’ve never done it before, you might be wondering how best to qualify for invoice factoring services. If you’re hoping to apply for factoring, it’s good to be prepared and get to know some of the typical requirements that will…
Read MoreSallyport Assign $1,000,000 in Finance for Staffing Industry StartUp
Our first funding for September goes to a StartUp in the medical staffing industry. A $1,000,000 accounts receivable facility will accelerate this innovative staffing business on to the next exciting stage of their growth. Referred to us by another factoring company, Sallyport’s flexible approach to getting them funded was imperative to the client. “It is…
Read MoreThe Canadian Federal Election and Small Business
Whether you agree with the timing or not, Canada is heading for a federal election and small business owners will be looking at political manifestos with trepidation over the next few weeks. According to the CFIB, over 80% of Canadians agree that small business recovery should be top of agenda for every party leader but…
Read More$250,000 Invoice Factoring Facility for Fledgling Contracting Business
Funding the dreams of ordinary people in becoming successful business owners is part of the Sallyport heritage and there’s little more rewarding. We’re delighted to be able to provide a $250,000 invoice factoring facility which lays the foundation for a skillful employee to realize his dreams of business ownership. Sallyport initially guided the client in…
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