Posts by Jayne Nicholson
$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…
Read MoreWhere to Find Funding for Dropshipping Businesses
Dropshipping can be a very low-cost way to start an e-commerce business. You can think of it as using a virtual warehouse for products that a third-party ships directly to your customer after they place an order on your website. No need to store inventory in a dedicated warehouse or in your garage and very…
Read MoreUK Firms Consider Move Across the Pond
Over 6-months following the UK’s official exit from Europe and the implications for UK-based exporting businesses remain murky. Many larger companies have weathered the storm successfully, if they had the motivation to persist through new complexities to trading that is. On the other hand, it seems that SMEs without the necessary resources to navigate the…
Read MoreBusiness Banking post-COVID
The business banking industry had to adapt as quickly as COVID-19 hit. For a business model that was edging slowly towards digital adoption, resistant to change in many ways and restricted by onerous regulations, banks handled the short-term needs of small business customers surprisingly well in the midst of a crisis. Governments relied on banks…
Read MoreHow to Extend Credit to Customers the Right Way
In the current climate it’s highly likely you’ve already been asked to extend credit terms to your customers. Small businesses are under increasing pressure from every angle; many need to request extended payment terms to relieve their own cash flow issues resulting from the pandemic, or their larger customers are imposing longer credit terms on…
Read MoreSallyport Propels Wholesale Business with $1.5MM in Funds
Sallyport are delighted to have been able to support a longstanding contact with $1,500,000 in accounts receivable finance to propel their wholesale business to the next level. The client needed funds to pay an overseas supplier for a large order, in full, prior to goods being shipped. Through our past relationship, the client knew that…
Read MoreA to Z of Small Business Finance and Credit Terms
Most small business owners go into business to follow a passion or create freedom in their career and lives. It’s fair to say not many go into a new venture with a great handle on small business finance although at some point, access to funds will be needed to scale and expand the business. Getting…
Read More$5MM Finance for a Construction Business
Sallyport have just finalized an agreement to provide $5.0 million in finance for a construction business. The client had limited options given that they needed funding quickly and didn’t want to rely on an expensive MCA lender to meet their needs. They required $1.5 million immediately with an uplift to a total facility of $5…
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