Archive for August 2022
Does Your Business Qualify for the ERTC Tax Credit?
The Employee Retention Tax Credit (ERTC) was established in 2020 as part of the CARES act in order to encourage employers to retain employees despite the negative economic effects of the pandemic. The program is administered by the IRS and has many benefits for businesses, however NFIB research suggested that only 4% of small business…
Read More$500,000 Finance Furthers Growth for Oilfield Services Company
Sallyport is delighted to announce $500,000 finance for an oilfield services company offering saltwater disposal services in the field. The client contacted Sallyport directly as they were struggling with their receivables collections and needed to utilize our expertise in Accounts Receivable management whilst using the influx of working capital to cover their payroll expenses. Now…
Read More$500,000 Funding Puts Seafood on the Plate in New Places
A $500,000 full notification factoring facility has just been finalized for a growing wholesaler of seafood products based on the East Coast of Canada. The client was referred directly to Sallyport by another factor who held a long-standing relationship with the customer over the past decade but was soon to retire. Now that the client…
Read More10 Common Cash Flow Problems for Businesses
Cash flow is a fundamental metric that’s used as an indicator of the financial health of a business. In essence it’s the net amount of cash flowing into and out of a business within a set period of time. If within that time there’s more than enough cash on hand to pay all bills and…
Read MoreThe Up and Up of North American Smart Manufacturing
Since the turn of the century, manufacturing has evolved greatly. As new, advanced technologies drive the industry forward, manufacturing is clearly heading for a more automated, information-driven future and it’s known as Smart Manufacturing. According to The North America Smart Manufacturing Market report, the North American smart manufacturing market is expected to reach a CAGR…
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