An existing Sallyport client in the Oil and Gas Services space has just been equipped with $2,000,000 accounts receivable finance to fund their most recent acquisition in the sector.
Initially referred to Sallyport by a contact in the investment banking industry, the client is moving forward with their expansion plans, acquiring complementary businesses in the oil and gas services industry. These funds will enable them to restructure the debt incurred in acquiring the company and move progress with their growth plans.
Senior VP for Sallyport, Alexandra Scoggin, is excited to see our relationship go from strength to strength as the client looks to finance further acquisitions with us…
“They are an existing client of mine. This is the second business that they have factored and they have another in the pipeline that we are looking to get funded in the coming month. I’m very pleased that the client is satisfied with our services and happy for us to support them further in their journey. We look forward to partnering with them as they add more businesses to their armor.”
The Canadian Federal Election and Small Business
Whether you agree with the timing or not, Canada is heading for a federal election and small business owners will…
Financing a Business Restructure and Turnaround
Financing a business restructure is one of many reasons a business may need to supplement their finances. Restructuring is usually…
