Sallyport Provides $500K AR Line of Credit to Canadian Industrial Safety Firm

Sallyport Commercial Finance delivered a $500,000 accounts receivable facility to a Canada-based industrial safety firm providing medical and rescue services to the oil and gas industry.

“This deal was a great win, as we worked with the incumbent bank to produce a repayment plan that ensured our new cash was left in the business,” Calum Williamson, managing director at Sallyport, said. “The company has a bi-weekly payroll commitment with customer payments every 45-60 day[s]. With our credit facility in place, the company can confidently meet these commitments and focus on saving lives.”