Sallyport Commercial Finance Provides Staffing Startup with $500,000
October 7, 2024
Source: Sallyport Commercial Finance
Sallyport Commercial Finance announced it provided $500,000 in accounts receivable facility to a staffing industry startup. Facing rapid contract growth in their early stages, the company sought funding to bridge working capital gaps and support payroll operations.
The client has been focused mainly on entry level labor roles such as warehouse operations, garbage hauling and assembly line personnel, however, the business has ambitious plans to grow organically with additional contracts and also expand their services to provide professional and white-collar personnel.
The decision to partner with Sallyport came from one of the owner's prior positive experiences and familiarity with our systems and team. Aside from this, they cited professionalism and competitive rates as being key to working with us. Dean Winter, Business Development Executive with Sallyport showed enthusiasm for supporting a true Canadian entrepreneur with their vision…
“It was a privilege to collaborate with such a smart and experienced team on their new venture. Supporting entrepreneurs is at the heart of what we do at Sallyport, and I’m excited to see how they grow and succeed in the future.”
Sallyport looks forward to supporting the company's ongoing growth and success in the staffing market.
Sallyport Commercial Finance is an independently owned and operated specialty finance company focused on providing entrepreneurs with working capital solutions for small to medium sized businesses, to help drive growth and achieve business hopes and dreams. Sallyport Commercial Finance offers a full suite of factoring and asset based products including Accounts Receivable Finance, Purchase Order Finance, Equipment and Inventory Finance, Cash Flow Loans, and Real Estate Loans. Very experienced in all industries, our current portfolio includes businesses in Staffing, Energy, Food & Beverage, Apparel, Manufacturing, Service Industry, Transportation, Government Receivables, and IT.
The client has been focused mainly on entry level labor roles such as warehouse operations, garbage hauling and assembly line personnel, however, the business has ambitious plans to grow organically with additional contracts and also expand their services to provide professional and white-collar personnel.
The decision to partner with Sallyport came from one of the owner's prior positive experiences and familiarity with our systems and team. Aside from this, they cited professionalism and competitive rates as being key to working with us. Dean Winter, Business Development Executive with Sallyport showed enthusiasm for supporting a true Canadian entrepreneur with their vision…
“It was a privilege to collaborate with such a smart and experienced team on their new venture. Supporting entrepreneurs is at the heart of what we do at Sallyport, and I’m excited to see how they grow and succeed in the future.”
Sallyport looks forward to supporting the company's ongoing growth and success in the staffing market.
Sallyport Commercial Finance is an independently owned and operated specialty finance company focused on providing entrepreneurs with working capital solutions for small to medium sized businesses, to help drive growth and achieve business hopes and dreams. Sallyport Commercial Finance offers a full suite of factoring and asset based products including Accounts Receivable Finance, Purchase Order Finance, Equipment and Inventory Finance, Cash Flow Loans, and Real Estate Loans. Very experienced in all industries, our current portfolio includes businesses in Staffing, Energy, Food & Beverage, Apparel, Manufacturing, Service Industry, Transportation, Government Receivables, and IT.