$10.0MM Facility to an Oilfield Service Company.

Sallyport Commercial Finance Provides a $10.0MM Facility to an Oilfield Service Company.

Texas – 2/01/18 – Sallyport Commercial Finance provides a $10,000,000 AR Bulk ABL Facility to a provider of market leading technology in the oilfield industry.

The company was seeking traditional bank financing, but when declined under time sensitive circumstances, they turned to Sallyport for a quick turn-around solution.  Sallyport was able to deliver quick and creative financing to help them meet payroll and assist them with their growing portfolio.

“It was a privilege working with the management team to deliver a responsive solution that ensured the required capital needed to meet its ongoing obligations.  Ownership was grateful for the fast turnaround and is now positioned for explosive growth due to the high demand for their services,” says Greg Dyson, National Sales Manager.

Sallyport Commercial Finance, LLC 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. The senior management team have over 50 years of collective experience in helping entrepreneurs grow their businesses, both in the US and Europe, by turning their invoices and assets into cash. 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.