Sallyport Canada Provides $250K in A/R Financing to Food Industry Manufacturer

Sallyport Canada provided $250,000 in accounts receivable financing to a woman-owned food industry manufacturer.

Referred to Sallyport Canada by a broker in its network, the client has been forced to transition from bakery to pre-packaged products during the COVID-19 pandemic. After securing several contracts with major distributors on extended payment terms, the client needed a finance partner to help bridge the gap in its cash flow. The funds from Sallyport Canada will allow the client to launch a new product and supply more retailers.