Sallyport Commercial Finance Provides Staffing StartUp with $500,000 in Financing

Sallyport Commercial Finance announced a $500,000 in accounts receivable finance to support an innovative staffing startup in achieving their growth ambitions.

The client was introduced to Sallyport directly by a broker pre-pandemic and we’ve nurtured a relationship with them since then. Experiencing the age-old challenge for staffing businesses; payroll to be made weekly but debtors only paying in 30 - 60 days, the funding will allow the business to pay wages without causing a cash crunch.

North American Sales Manager, Calum Williamson, is excited to help a fantastic startup on their way, “I always love helping new start businesses achieve their dreams! With our facility in place it will help them grow to their full potential.”

Sallyport looks forward to seeing them move from a new start to business generating $7.2 million in the coming few years.

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.