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Sallyport Commercial Finance Successfully Closes an Accounts Receivable Facility to a Commercial Printing Service Company.

12/23/2019 – Ontario, CAN – Sallyport Commercial Finance provides a $2,000,000 Accounts Receivable facility to a company that specializes in magazine and catalog printing.

The business’ broad experience in the publications sector caters to manufacturers, distributors, and other industries throughout Canada.

“With expedited growth due to acquisition, our Ottawa based client could not gain access to traditional bank finance.  However, with a strong management team, ambitious plans, and healthy parent company behind them, we were delighted to be their chosen finance partner,” states Calum Williamson, Managing Director.

Introduced by a local law firm, Sallyport is pleased to put this $2MM facility in place, giving this company the working capital they need to meet payroll and accommodate their critical vendors.  With a strong foundation and a relationship with two other businesses in the industry, including assistance from Sallyport, the company can fulfill their mission of helping Canadians save, businesses grow and neighborhoods thrive.

 

 

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