Sallyport Commercial Finance provided $500,000 in accounts receivable financing to an organic soap manufacturer that has been crafting and distributing natural soap products in the U.S. and Canada since 1994.
An industry peer referred the company during an acquisition phase to Sallyport, which provided a facility that not only enhanced liquidity throughout the acquisition, covering international debtors, but also positioned the company with the necessary working capital for expansion plans both domestically and globally.
“Our close collaboration with the referral source was instrumental in propelling the deal forward, ensuring a mutually beneficial solution for all parties involved,” Calum Williamson, managing director for Canada at Sallyport Commercial Finance, said. “We are enthusiastic about supporting the client’s local and international growth, as well as providing funding for other targeted acquisitions.”
