Sallyport Commercial Finance Provides $2M For a Manufacturing Business Restructure

January 24, 2024

Source: Sallyport Commercial Finance

Sallyport Commercial Finance announced its second deal for 2024, equipping an existing client with $2,000,000 in accounts receivable finance, which provides the ongoing working capital required to trade successfully.

The client was originally referred to Sallyport over three years ago by a bank and has now restructured after the business was pulled into a CCAA situation by the larger parent company. They needed these funds to ensure that the newly restructured organization has positive cash flow and ultimately is successful.

Managing director for Sallyport, Calum Williamson, notes the specialized knowledge and experience of Sallyport’s management that helped reshape the business for the future…

“Having worked with this client for three and a half years, our experienced management team understands their business in depth and what the benefits of restructuring would be. We were able to collaborate closely with the trustee and work out a deal agreeable to all which allows us to fund the new entity ongoing.”

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.