Sallyport Commercial Finance provided financing to a startup in the medical staffing industry. The $1 million accounts receivable facility aimed to accelerate the staffing business on to the next stage of its growth.
Sallyport Commercial Finance expedited the expansion of an Ontario advertising company with $250,000 in accounts receivable financing.
Sallyport Commercial Finance provided a $250,000 invoice factoring facility to help an individual client set up a new contracting business.
Sallyport Commercial Finance provided $1.75 million in funding for a hospitality services supplier in the U.S. The financing package included accounts receivable financing, equipment finance and a term loan.
Sallyport Commercial Finance closed $4 million in financing for the expansion of a company’s manufacturing plant in the U.S. Sallyport partnered with a specialist inventory finance lender to take the total financing available to the client to $8 million.
IBC Advanced Alloys secured credit facilities of up to $8 million established pursuant to a credit and security agreement among Iron Horse Credit and certain of IBC’s U.S. subsidiaries and an account sale and purchase agreement among Sallyport Commercial Finance and the subsidiaries.
Sallyport Commercial Finance finalized an agreement to provide $5 million in financing to a construction business.
Sallyport Commercial Finance promoted James Bartel to senior vice president of sales, effective immediately. Bartel has served Sallyport Commercial Finance’s SME and entrepreneur business owner clients over the past four years.
Sallyport Commercial Finance provided $500,000 accounts receivable facility to assist the turnaround of a health food manufacturer in Canada.
Sallyport Commercial Finance provided a $500,000 accounts receivable facility for an East Coast food distributor.