Sallyport Commercial Finance provided a new $500,000 factoring facility for a staffing company in the Greater Toronto area (GTA). The new client, referred through a trusted partner, has plans to expand further across the GTA and Ontario. To facilitate this growth, Sallyport provided funding for payroll and ongoing working capital needs while also refinancing more expensive existing capital, including payouts to MCA lenders.
“Our ability to provide competitive, flexible funding solutions uniquely positions us to support this client during such a transformative period,” Dan Millar, vice president of Sallyport, said. “We’re excited to play a role in their continued success and expansion.”
