Newsroom
Oil and Gas Business Moves Forward with $350,000 Finance
An oil and gas services business has finally got the funding they need to step forward with their plans after the bank was unwilling to extend their facility.
A $350,000 accounts receivable facility will allow the company to reduce their accounts payable obligations and focus on growing sales in some of their target regions.
The business is closely related to two of Sallyport’s existing clients and our relationship with these accounts along with a tenacious attitude to getting things done, helped bring a somewhat convoluted process to close.
James Bartel, Senior Vice President for Sallyport noted certain nuances which could have added to the complexity of bringing the funding to fruition…
“It was great to be able to provide a facility for the client after months of efforts to finalize a solution. The facility required subordination of an existing SBA EIDL loan which was a precise process requiring compilation of various key business documentation and a collaborative approach to working with various SBA professionals. The team’s organized and dedicated manner essentially facilitated a funding solution.”
The client was relieved to finally be able to move on with their business goals and grateful for Sallyport’s efficiency in moving it along…
“Sallyport’s hands-on attitude to navigating the SBA’s processes was much-needed. I appreciated Sallyport’s experience and help in ultimately getting things done.”
Search
News
Canadian Oilfield Services Gets $4,000,000 Funding Boost
We are thrilled to announce that Sallyport has successfully provided $4 million in Accounts Receivable funding to a dynamic client…
Read More$4M Funding Furthers Belluscura’s U.S. Expansion Goals
Sallyport Commercial Finance is delighted to announce a $4,000,000 funding facility for Belluscura, a trailblazing medical device company focused on…
Read MoreArticles
Electric Vehicle Market Rich with Business Opportunity
The electric vehicle is nothing new, surprisingly in fact the very first concepts of electric transportation came about over a…
Read MoreThe 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…
Read MoreVideos
Popkoffs Client Testimonial
Popkoffs Client Testimonial
View Now