Posts by Jayne Nicholson
$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…
Read MoreSallyport Extend $250,000 Finance for Advertising Company
Sallyport have expedited the expansion of an Ontario advertising company this week with $250,000 in accounts receivable financing. The funds will be used by the client to service their ongoing working capital requirements whilst giving them the additional capacity they require to grow the business into new markets. Dan Millar, Vice President for Sallyport Canada…
Read MoreFinding the Right Finance for Engineering
The economies of the US and Canada are heavily reliant on the success of the engineering sector which is a major contributor to GDP and taxes and creates millions of jobs both directly and indirectly. The strength of a country’s engineering industry and the propensity to improve and innovate for the future can also be…
Read More$1,750,000 Funding for Hospitality Services Supplier
We’re thrilled to announce $1,750,000 funding for a hospitality services supplier in the US. The client was referred to Sallyport from a trusted contact in our CPA network. A customized package of accounts receivable financing, equipment finance and a term loan were tailored to the client enabling them to settle their obligations with their exiting…
Read More$4MM Finance for Expansion of Manufacturing Plant
Sallyport are delighted to announce $4 million in finance for the expansion of a manufacturing plant in the US. Sallyport partnered with a specialist inventory finance lender to take the total finance available to the client to $8 million through a combination of accounts receivable finance and inventory lending. The company based out of Eastern…
Read MoreOil Field Services Providers Under Pressure
The oil field services sector encompasses a wide-ranging variety of businesses that provide the products and services necessary in the construction, exploration and production of oil and gas but don’t generally produce the product themselves. As a supplier to the energy industry, oil field services (OFS) companies are reliant on demand from the energy sector…
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