Sallyport Commercial Finance funded a $2 million invoice factoring facility for a distribution and storage company based in Western Canada. The company used the newly secured funds to facilitate the purchase of a new building. The remaining capital will be allocated towards ongoing working capital needs.
Faced with the challenge of delayed bank financing, the client sought an alternative that could provide the necessary capital in a timely manner. Sallyport Commercial Finance emerged as the ideal solution, offering the speed and flexibility required to meet their urgent funding needs.
“When traditional bank financing was delayed, the client turned to Sallyport due to our speed and flexibility,” Dan Millar, vice president of Sallyport, said. “We were able to cater to the strict timelines needed and provide them with much needed working capital.”
This opportunity came to Sallyport through a longstanding broker partner, who played an instrumental role in the deal.
