Newsroom
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.
Search
News
$1M Funding Fuels Agri-Business Growth Across Borders
Sallyport is pleased to announce a new partnership with a Canadian agriculture business, providing a $1,000,000 Accounts Receivable facility to…
Read MoreFueling EdTech Growth with $5.5M in Tailored Financing
Sallyport is excited to support a forward-thinking education technology company with a $5.5M combined Asset-Based Lending facility, including Accounts Receivable…
Read MoreArticles
Understanding Accounts Receivable Turnover Ratio for Business
Accounts receivable turnover ratio, also known as debtor turnover ratio, is an accounting measure used to calculate how efficient a…
Read MoreWhat are the Biggest Risks to Business in 2021 and Beyond
If this was asked at this point last year, the response would be in major contrast as to the biggest…
Read MoreVideos
What is Factoring?
Here we explain what exactly factoring is and how we can help your cash flow…
View Now