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Sallyport 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…

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The 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…

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$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…

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Sallyport 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…

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Finding the Right Finance for Engineering

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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…

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$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…

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$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…

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Oil Field Services Providers Under Pressure

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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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Where to Find Funding for Dropshipping Businesses

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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…

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UK 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…

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