$2.75M Cross-Border Financing Fuels Staffing Growth

Sallyport Capital Finance is delighted to announce a total of $2.75 million in accounts receivable financing for a staffing company operating in both the United States and Canada.

The funding includes $1.5 million for the company's U.S. operations and $1.25 million for its Canadian business, providing the working capital needed to support payroll and ongoing business growth.
The client was already factoring its U.S. accounts receivable with an existing bank lender but faced a challenge when launching a new Canadian company.

The incumbent lender was unable to provide accounts receivable financing for the Canadian business, leaving the client seeking a flexible financing partner capable of supporting operations on both sides of the border.After searching for a cross-border lender, the client reached out to Sallyport. Recognizing the opportunity to deliver a comprehensive solution, Sallyport structured a financing arrangement that included both the U.S. and Canadian companies, with Sallyport taking over the U.S. accounts receivable financing as part of the overall facility.

Sallyport's ability to finance businesses in both countries proved to be the decisive factor in securing the transaction.

For staffing companies, maintaining reliable payroll is essential to serving clients and sustaining growth. The $2.75 million financing facility provides the client with access to working capital to meet payroll obligations while supporting the continued development of its U.S. and Canadian operations.

With a financing partner capable of supporting both businesses, the client can focus on growing its operations across North America with a long-term financing relationship in place.

Louis Hart, Business Development Associate at Sallyport Capital Finance, highlighted the importance of delivering a flexible solution tailored to the client's needs:

"The client needed a flexible cross-border financing solution to support growth and working capital needs. We were proud to deliver a structure that provided immediate access to liquidity and positioned the business for continued success."

Calum Williamson, Managing Director, North American Sales, emphasized the teamwork behind the successful closing:

"This closing demonstrates the strength of our team's collaboration and commitment to our clients. Despite tight timelines, Louis and our underwriting and operations teams worked seamlessly to deliver a tailored solution and achieve successful funding."

This transaction demonstrates Sallyport Capital Finance's ability to provide tailored accounts receivable financing for businesses with cross-border operations. By delivering a solution that supports both U.S. and Canadian entities, Sallyport helped address a critical financing gap and provided the liquidity needed to support day-to-day operations and future expansion.

Sallyport looks forward to supporting the client's long-term growth as it continues to build its staffing businesses in the United States and Canada.