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!”