Sallyport Fuels $250,000 Comeback for Wholesale Startup Growth
October 31, 2024
Source: Sallyport Commercial Finance
Sallyport Commercial Finance is proud to announce a new funding for a Canadian client in the wholesale and distribution industry, providing them with $250,000 in accounts receivable (AR) financing. The client turned to Sallyport for support in relaunching their business post-COVID.
Due to the impact of the pandemic, the client’s business is effectively operating as a startup once again. Sallyport’s funding will provide essential working capital, enabling the client to focus on growth and stability. The primary objective is to drive business expansion and position the company for long-term success, ultimately allowing the client to hand down the company to the next generation.
Sallyport was the first choice partner for the client, thanks to our decade-long relationship with them.
"It is special to be helping so many entrepreneurs. The pandemic significantly hindered this client’s business, and Sallyport was thrilled to be able to help in their future growth and development, supporting them in achieving their long-term goals", said Dan Millar, Vice President of Sallyport in Canada.
As Sallyport continues to support businesses looking to secure financial growth, this latest funding package reflects its commitment to helping companies overcome obstacles and thrive.
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.
Due to the impact of the pandemic, the client’s business is effectively operating as a startup once again. Sallyport’s funding will provide essential working capital, enabling the client to focus on growth and stability. The primary objective is to drive business expansion and position the company for long-term success, ultimately allowing the client to hand down the company to the next generation.
Sallyport was the first choice partner for the client, thanks to our decade-long relationship with them.
"It is special to be helping so many entrepreneurs. The pandemic significantly hindered this client’s business, and Sallyport was thrilled to be able to help in their future growth and development, supporting them in achieving their long-term goals", said Dan Millar, Vice President of Sallyport in Canada.
As Sallyport continues to support businesses looking to secure financial growth, this latest funding package reflects its commitment to helping companies overcome obstacles and thrive.
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.