Sallyport Commercial Finance Provides $2MM to Canadian Home Products Manufacturer

Sallyport Commercial Finance provided $2 million to a Canadian manufacturer of home improvement products based in New Brunswick.

Referred to Sallyport Commercial Finance by a commercial bank, the client had identified an opportunity to acquire a complementary business whose parent company was already going through a process of restructuring under the Companies' Creditor Arrangement Act.

The client chose Sallyport Commercial Finance to provide a financial solution that will allow the client to grow its number of retail stores to six and manufacturing facilities to three and to expedite its group revenue to $75 million.

“Turning around this facility in four weeks was a great team effort, both by Sallyport and the client. They are poised for real growth and we look forward to helping them achieve it,” Calum Williamson, managing director for Sallyport Commercial Finance, said.