Skip to content
Newsroom

Oil and Gas Services Gets $1.5M to Sustain Sales Momentum

Sales growth meant this flourishing oil and gas services business needed additional working capital to fulfill a growing number of orders. With a limited financial history, the banks were reluctant to help and they were referred to Sallyport. 

A $1,500,000 accounts receivable facility will give them the working capital required for day-to-day operations while they focus on pursuing their ambition to lead the North American market for valve actuation and modification in the midstream oil and gas industry. 

Sallyport Business Development Executive, Dean Winter is excited to be part of the growth of an already successful Texan business…

“It’s great to be able to provide a funding boost for a local Houston-based business. This company, despite an impressive track record of profitability and growth, faced a funding gap due to limited financial history. Businesses with this potential shouldn’t be denied the opportunity for growth purely because they’re newer – I’m very excited to be a part of their ongoing success!”

Posted in
  • News

Manufacturer Secures $16 Million Finance for Sustainable Future

November 14, 2023

$7,000,000 in accounts receivable and $9,000,000 in machinery and equipment finance make up a bespoke package for a recycled plastics…

Read More

Dessert Manufacturer Aims High with $1,500,000 Finance

November 13, 2023

A $1,500,000 factoring facility will enable this Canadian dessert manufacturer to get their products into more major chains across 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

Interest Rates and Business – Weathering the Storm

After almost a year of debate on ‘will-it-or-won’t it’ be transitory inflation, it’s clear that price increases are now far…

Read More
  • Videos

What is Factoring?

Here we explain what exactly factoring is and how we can help your cash flow…

View Now
sallyport commercial finance logo

What is an Entrepreneur?

View Now
Scroll To Top