Sallyport Commercial Finance Announces a New $500K Funding for GTA Staffing Leader

January 17, 2025 - Sallyport Commercial Finance is thrilled to announce 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.

Sallyport is proud to be a trusted partner for businesses experiencing rapid growth and we look forward to supporting this client’s journey in the years ahead.

About Sallyport Commercial Finance

Sallyport Commercial Finance is an independently owned and operated specialty finance company focused on providing entrepreneurs with working capital solutions for small to medium sized businesses, to help drive growth and achieve business hopes and dreams. Sallyport Commercial Finance offers a full suite of factoring and asset-based products including Accounts Receivable Finance, Purchase Order Finance, Equipment and Inventory Finance, Cash Flow Loans, and Real Estate Loans. Very experienced in all industries, our current portfolio includes businesses in Staffing, Energy, Food & Beverage, Apparel, Manufacturing, Service Industry, Transportation, Government Receivables, and IT.