Posts by Jayne Nicholson
Oil and Gas Services Gets $1.5M to Sustain Sales Momentum
Sales growth meant this flourishing oil and gas services business needed additional working capital to fulfill a growing number of orders. With a limited financial history, the banks were reluctant to help and they were referred to Sallyport. A $1,500,000 accounts receivable facility will give them the working capital required for day-to-day operations while they…
Read MoreChanges to SBA 7(a) Loan Fees – What you Need to Know
The U.S. Small Business Administration (SBA) has recently completed its annual review of the fees that it charges lenders under the 7(a) small business loan program. This process sets out the fees that a lender must pay under the SBA program for all loans approved in the upcoming fiscal year. The latest information notice (5000-848801)…
Read MoreHow to Establish Business Credit for the First Time
Access to business credit can be a lifeline when businesses most need it, providing cash flow for payroll, purchase of goods and services and investment into expansion. For new businesses, establishing credit is even more pertinent for building credibility, accessing finance and the separation of personal and business finances. So, how can companies with limited…
Read MoreLogistics Business Equipped with $6,000,000 Finance
A Canadian cold storage and logistics company has just been equipped with a $6,000,000 bulk factoring facility to strengthen their working capital position. Referred directly to Sallyport by one of the big banks, our ability to run the arrangement via a borrowing base factoring facility was key to securing the business. The funds will be…
Read More$3,000,000 Creative Finance Solution for New Venture
As the existing finance partner for another company in the same group, Sallyport was the first choice when it came to funding this new venture. The finance company had grown much faster than forecasted and needed to find a provider to help them with funding new property lending opportunities. Our $3M senior facility will help…
Read MoreUnderstanding Accounts Receivable Turnover Ratio for Business
Accounts receivable turnover ratio, also known as debtor turnover ratio, is an accounting measure used to calculate how efficient a company is in managing credit and collecting receivables from its clients. This metric is used to show how many times a company’s accounts receivables (unpaid invoices) are collected and converted into cash during a specified…
Read MoreRenewables Business Reaffirms Growth with $30M Finance
A leading global producer of renewable fuels, distiller grains and alcohols has just been equipped with a $15,000,000 working capital facility with provision to increase to $30,000,000 as and when further working capital is required. Referred to Sallyport by an advisory firm after conventional lenders were unable to help, the facility will be used to…
Read MoreUnderstanding Business Acquisition Financing
At the simplest level, business acquisition financing is the capital that needs to be obtained for a company to purchase another business. This finance can be in the form of equity, debt or a combination of several financial solutions that get them the funding required to pursue the purchase of another business. Why do Businesses…
Read MoreA Guide to Accounting for Factored Receivables (inc Example)
When you begin invoice factoring, your invoices are transferred to the factoring company for collection and they cease to be a debt (or liability) on your balance sheet. Accounting for factored receivables involves different treatment to a traditional bank loan as these two financing arrangements have distinct characteristics and implications for the business’ financial statements.…
Read MoreWhy Do Companies Outsource? Hiring from Outside
Companies who outsource in 2023 are doing it for the very same reasons as companies that were considered early-adopters in the late 1980s. Whilst the reasons for outsourcing remain largely unchanged, attitudes towards it have come full circle. In the 60s and 70s business models were centered around businesses directly managing and controlling all its…
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