Sallyport Commercial Finance funded a $2,000,000 accounts receivable facility for a growing Canadian food manufacturing and consumer packaged goods (CPG) company focused on scaling its brand across North America.
Referred by a peer in the alternative finance industry, the company approached Sallyport during a pivotal growth phase. Rapid expansion into major retail and distributor channels, particularly in the U.S., created increased working capital demands driven by upfront inventory purchases and extended distributor payment terms. The company needed a flexible funding solution to bridge a long cash conversion cycle while maintaining momentum.
The Sallyport A/R facility will be used to support ongoing production, inventory purchases and operating expenses, allowing the company to confidently fulfill orders and continue expanding across major grocery and specialty retail partners while awaiting customer payments.
Looking ahead, the company’s long-term goals include scaling distribution across North America, strengthening relationships with retailers and distributors and achieving sustainable profitability as volumes increase.
“This was an exciting opportunity to support a Canadian CPG company at a pivotal stage of growth,” Dean Winter, vice president of business development at Sallyport Commercial Finance, said. “The management team is sharp, organized and building something special and we’re proud to provide a flexible A/R solution to help them scale their business across North America.”
