Sallyport funded a $1 million factoring facility for a growing Canadian manufacturer, referred by a trusted corporate banking consultant.
The business required immediate support to complete repayment to the major Canadian bank, clearing the way for improved cash flow and renewed stability. The Sallyport facility now provides the ongoing working capital the company needs to confidently take on new orders and pursue the next stage of growth.
Sallyport partnered with an incumbent lender who provided $6 million in real estate financing to resolve the majority of the bank repayment.
“Canadian manufacturing is gaining real momentum, and we’re proud to fuel that growth,” Dan Millar, vice president of sales at Sallyport Canada, said. “Supporting this client across both Canada and the U.S. highlights how our cross-border capabilities help ambitious manufacturers reach new markets.”
