Sallyport Commercial Finance provided a $1.5 million factoring facility to enable a Canadian baked goods manufacturer to get its products into more major chains across the U.S. and Canada.
The deal was referred to Sallyport by an industry peer. Sallyport worked alongside an equipment and real estate financer to provide the client with a bespoke package to meet its working capital needs.
“This is a long-standing family run business that was referred to us by a trusted partner,” Dan Millar, vice president for Canada at Sallyport Commercial Finance, said. “It is always satisfying helping a great company with their growth plans and working capital needs.”
