A $1.5 million factoring facility has just been approved for a Canadian truck rental and servicing business currently operating out of Ottawa, Montreal and Toronto. The client was referred to Sallyport directly from another finance company and requires the funds to facilitate payroll payments, settle some debt and allow for ongoing working capital while they concentrate on expanding the business throughout Canada and into the US. 

Dan Millar, Sallyport VP, commended the team effort that went into getting the client funded quickly and efficiently…

“Considering there were three subordinates to work with, the client was funded very quickly – just two weeks. This is testament to the entire Sallyport team, coming together to get the job done that we were able to fund this client in such a short period of time.”

The client was extremely pleased with Sallyport’s efficient application and on-boarding process…

“Dan, I wanted to thank you again for all your hard work on our file, everyone on your team I dealt with was very organized, efficient & worked with a sense of urgency; we ourselves work in pretty much the same way so it was greatly appreciated and we look forward to our relationship growing in the years to come.”

We look forward to seeing the new client achieve their goals and grow the business both domestically and internationally, safe in the knowledge that they have a financial partner who will support them at every step.