Sallyport Commercial Finance Provides $1.6MM A/R Facility to Canadian Manufacturer

Sallyport Commercial Finance provided a $1.6 million accounts receivable facility to a Canadian manufacturer in the agricultural space. 

A broker referred the client to Sallyport and although there were other providers vying for the business, the client ultimately favored Sallyport’s approach to finding a solution. The business had incurred recent losses and frequently encounters issues collecting on its accounts receivable, which started to impact cash flow. The company will use the funds from Sallyport for operational costs and to fulfill a new contract.

“It was very satisfying to be able to help a Canadian company that has faced challenges but has many growth opportunities ahead,” James Bartel, senior vice president at Sallyport Commercial Finance, said. “There’s never been a better time for companies that concentrate on innovative, energy-saving solutions and they just needed the right financial support to get them back on track. Sallyport came up with a flexible solution which supports the client in fulfilling a new contract. No one likes turning down work and SCF turned a no into a yes.”