Sallyport Commercial Finance closed a $250,000 accounts receivable facility for a company that provides fraud prevention and security risk management solutions for a variety of industries throughout Canada.
“Having grown the business from a start up to now gaining over $2 million in annual revenue, we were able to quickly put in place an A/R facility that took the pressure off weekly payroll while supporting them with sales ledger management, allowing them to focus on sales and growing the business” said Calum Williamson, managing director.
The owner of the business needed cash flow to remedy the delay between invoicing and receiving payments. He can now focus on other important areas of the business such as future contracts and staff training.
