Sallyport Commercial Finance Arranges a Credit Facility to a NewCo Serving the Energy Sector.

Sallyport Commercial Finance Arranges a Credit Facility to a NEWCO Serving the Energy Sector.

10/31/18 – Texas – Sallyport Commercial Finance offers a $2,000,000 Accounts Receivable facility to a new start oil and gas service company specializing in downhole work, tank cleaning and line finding.

The owner is a seasoned and serial entrepreneur with more than 30 years of experience in the services industry.   This spirited entrepreneur was watching a service company work on one of his salt water tanks and realized he could develop a more efficient process, leading to his next business endeavor.

“Nowhere is entrepreneurship more evident than in the Oil and Gas sector.  When the company approached Sallyport with a new product and service, it was imperative to understand what drives their success and to understand their needs” stated Nick Hart, President.  “We sat down with the client, listened to their ideas, and suggested several options that would help them avoid the pitfalls, jump the roadblocks and accelerate their business in the direction they desire.”

Sallyport is a true believer in entrepreneurs and is proud to work with a business that carried a history of helping others within their same line of work.  Sallyport is happy to provide the needed working capital to this newly formed business in order for them to realize their Hopes and Dreams.