Sallyport Commercial Finance approved a $1.75 million accounts receivable facility to a group of staffing companies that provide recruiting services to Canada and the U.S. The facility gave the company the ability to pay off its existing lender and cover payroll.
“Having worked with the owners and management team for several years, we’re delighted to be able to offer this long-standing Toronto-based staffing company a flexible factoring facility,” Calum Williamson, managing director of Sallyport Commercial Finance, said. “The people behind the business are honest, hard working entrepreneurs that are confident in our new relationship to help them grow through these difficult times. I am excited to work with them again and delighted to welcome them to the Sallyport family.”