Daily News: September 9, 2019

Sallyport Provides $250K A/R Facility for Food/Beverage Manufacturer

Sallyport Commercial Finance supplied a $250,000 accounts receivable facility to a producer of Mexican food favorites.

The company aims to provide Canadians with authentic Mexican fare. The business offers quality, hand-crafted products in the form of corn tortillas and cantina style tortilla chips.

The owner took his grandmother’s recipe from Mexico and developed goods that deviated from other commercial products. Not only do these products offer a pure and simple flavor, they are also both vegan and gluten-free.

“This start-up food manufacturer began receiving purchase orders from large Canadian retailers. When their current bank was unable to help, Sallyport was able to offer a working capital solution to help with their projected rapid growth,” says Dan Millar, vice president of Business Development.

With Sallyport’s assistance, the company intends to expand its product line and progress into other major Canadian retailers. Sallyport Commercial Finance is excited to collaborate with this effort.