Skip to content

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.”

Posted in
  • News

Canadian Business Revitalized with $2.5M Finance Boost

May 13, 2024

At a crucial time in Big Erics 80-year history, Sallyport are delighted to be announcing $2.5 million in financing for…

Read More

Advancing Apparel with $500k Accounts Receivable Finance

May 10, 2024

A $500,000 accounts receivable finance facility will serve as a vital resource for our new client as they navigate the…

Read More
  • Articles

cash flow loan blog feature image with cash laid down like a road and three different arrow directions

How Do Businesses Benefit from a Cash Flow Loan?

Businesses experience cash flow challenges for a number of reasons. These problems are not all bad news; a company may…

Read More
feature image on labor market shortages blog

Labor Market Shortages Stifling SME Growth

Since the U.S. has started to resume business-as-normal there’s been talk of a labor market shortage emerging and creating a…

Read More
  • Videos

The Most Financial Time of the Year

Sallyport commercial finance’s Annual Holiday Music Video!  

View Now

Supporting Businesses in 2020

View Now
Scroll To Top