Sallyport Commercial Finance provided a $500,000 accounts receivable facility to a food manufacturer. The facility includes a small purchase order solution to help fuel future growth.
The company produces a complete range of European style deli meats. As demand increased and orders grew, the business needed a lender to help it expand. Sallyport was able to structure a solution to support its long term goals.
“We are delighted to have put in place a working capital solution for this long-standing business in Northern Ontario, a combination of A/R finance and purchase order finance will assist them during their growth. The company supports local employment and they continue to innovate and bring new products to the market to cope with the ever-changing demands of the consumers. We are delighted to partner with them and look forward to working side-by-side supporting their plans for the future,” says Calum Williamson, managing director for Sallyport Commercial Finance.