Sallyport Commercial Finance Provides $1.5MM in Funding to Staffing Firm
Sallyport Commercial Finance provided $1.5 million in funding to a Canadian staffing firm that serves the oil and gas services, mining and construction industries.
The company is a subsidiary of one of Sallyport’s existing U.S. clients and was originally referred to Sallyport by a contact in the UK. The client will use the funds to fund its payroll and sustain working capital so that it can focus on building its brand and presence as a startup in Canada.
"We brought the U.S. parent company of this business on board in 2019 and the fact that they’ve expanded into Canada and are now using our services to establish themselves here is purely testament to the service and relationship that’s been fostered by our operations staff,” Calum Williamson, managing director of Sallyport Canada, said. “This is a fantastic business with a very bright future and we’re looking forward to being part of their continued growth.”