Sallyport Commercial Finance announced a new $500,000 factoring facility for a fast-growing staffing company in the Greater Toronto Area (GTA).

Referred through a trusted partner, this new client underscores Sallyport’s commitment to supporting businesses in achieving their growth ambitions. The client, operating in the staffing industry, has experienced remarkable growth over the past year and has plans to expand further across the GTA and Ontario. To facilitate this growth, Sallyport provided funding for payroll and ongoing working capital needs while also refinancing more expensive existing capital, including payouts to MCA lenders.

“Our ability to provide competitive, flexible funding solutions uniquely positions us to support this client during such a transformative period,” said Dan Millar, Sallyport VP. “We’re excited to play a role in their continued success and expansion.”

The decision to partner with Sallyport was driven by a strong relationship with the referral source, ensuring the client could access the right financial tools without involving multiple factors.