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Sallyport CF Provides $500,000 A/R Line of Credit to Canadian Industrial Safety Firm

December 29, 2020, 07:00 AM
Filed Under: Specialty Industries

Sallyport Commercial Finance provided a $500,000 Accounts Receivable facility to an industrial safety firm providing essential medical and rescue services to the oil and gas industry. The business owner was seeking a financing partner that would help him manage the newly awarded contract with his customers and provide assurances to cover payroll. Working with their financial consultant, Sallyport was successful in structuring a solution that will provide the business fresh working capital needed for continued success and positive growth.      

“This deal was a great win as we worked with the incumbent bank to produce a repayment plan that ensured our new cash was left in the business, stated Calum Williamson, Managing Director.
 







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