Sallyport Canada Provides $250,000 Funding Boost for Canadian Apparel Manufacturer

Sallyport Canada is pleased to announce a $250,000 invoice factoring facility for a manufacturer of protective workwear and technical apparel.   

The client was referred to Sallyport by its broker network when their facility was ‘capped’ by the bank and they needed an alternative source of working capital to support their growth ambitions. The facility will enable this passionate business owner to expand the company into new provinces.

Dan Millar, vice president for Sallyport Canada stated, "The client was looking for a more flexible working capital solution. Not only were we able to repay the bank facility but we were also able to inject some much needed working capital into the business."

Our new client, owner and president of the apparel business, commented, “Thank you Sallyport for helping us transition to the factoring process. As this was our first time factoring, you made the process easy and were very responsive to our needs.”

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.