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News
From the Sallyport Family
From the Sallyport Family.
$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…
$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…
Sallyport 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…
$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…
$2MM Purchase Order Finance for Apparel Business Expansion
Sallyport are thrilled to announce $2.0 million in accounts receivable and purchase order finance for an expanding apparel business. Sallyport already had a valued relationship with the client and had previously supported them with tailored financial services so they had no doubts about returning to us when they found themselves in need of funding and…
$1.5MM Finance for a Distribution Company in MidWest
We’re excited to announce finance of $1,500,000 for a distribution company operating out of mid-western US. Our client will utilize the funds, comprising $1,250,000 in accounts receivable financing and $250,000 as a small business loan, to expand upon their current customer base and focus on the servicing of smaller companies. The client was referred to…
Tech-services company set for growth with $500,000 in Finance
Sallyport are pleased to announce $500,000 in funding to a US based tech-services company. The business will use these vital funds to enable their expansion into new regions. Dan Millar, VP comments… “We were very happy to help this US-based client. It was a quick approval & funding process which certainly highlighted our cross border…
$2MM Finance Allows Canadian Manufacturer to Achieve Acquisition Goal
Sallyport commercial finance are delighted to announce a total fund of $2MM to a Canadian manufacturer of home improvement products based in New Brunswick. Referred to Sallyport by one of Canada’s top 3 commercial banks, the client had identified a strategic opportunity to acquire a complementary business, whose parent company was already going through a…
Sallyport helps boost Texas Chemicals Manufacturer with $7.5 Million in Funding
Sallyport commercial finance has provided a $6,000,000 million accounts receivable facility and $1,500,000 million inventory facility which will enhance working capital and facilitate the chemical and oil and gas manufacturer in progressing their growth plans. The client was referred to Sallyport by a partner in the investment banking area, as their previous provider ceased the…
Sallyport Provides Startup Steel Fabrication Business $500k credit facility
Sallyport commercial finance has provided a $500,000 credit facility to a startup steel fabrication business in Texas, giving them the financial foundation they need for achieving their potential. “A local business consultant knew that Sallyport would be the ideal finance partner in helping a new start steel fabrication company based in Texas. We are pleased…