Sallyport Canada Provides $250K Factoring Facility to Apparel Manufacturer

Sallyport Canada provided a $250,000 invoice factoring facility to a manufacturer of protective workwear and technical apparel in Canada. 

A broker referred the client to Sallyport Canada when the client’s facility was ‘capped’ by its bank and it needed an alternative source of working capital. The facility from Sallyport Canada will enable the client to expand into new provinces.

"The client was looking for a more flexible working capital solution,” Dan Millar, vice president at Sallyport Canada, said. “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."