TSL Express Daily News

Sallyport Commercial Finance is delighted to announce a $1,500,000 factoring facility for a Canadian bakery on a mission to become the country’s largest donut producer.

This new venture comes after the client’s previous company entered CCAA. Sallyport worked closely with the trustee throughout the insolvency, providing steady guidance and support from start to finish. As the owners launched their new entity, they turned once again to Sallyport, this time for the working capital needed to rebuild, stabilize operations and pursue growth.

The funding will provide essential working capital, enabling the business to ramp up production and take advantage of new opportunities in the market.

 Sallyport partnered with the incumbent purchaser of the building and equipment, who now leases those assets back to the client, ensuring a smooth and collaborative transition for the new business.

The client chose Sallyport because of the unwavering support they experienced pre-, during and post-CCAA. Our ability to navigate complex situations with care, expertise and consistency set us apart from the competition.

 “We’re proud to support this client with $1.5 million in factoring to provide the working capital they need to rebuild and grow after a challenging insolvency process. Our team stood by them through every stage, and this funding will help position them to achieve their goal of becoming Canada’s leading donut producer.” — Dan Millar, VP Sales, Sallyport Canada

 “Sallyport’s support was invaluable during a very challenging time. Their commitment and expertise gave us the confidence to move forward and pursue our goal of becoming Canada’s leading donut producer.” — Client Representative

At Sallyport, we’re committed to backing resilient entrepreneurs with the funding and partnership they need to build stronger futures.

Sallyport Commercial Finance is an independently 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.