Skip to content
Newsroom

Sallyport Commercial Finance Arranges a Multi-Million Dollar Credit Facility to a Privately-Owned Transportation Company

6/4/2019 – Oklahoma – Sallyport Commercial Finance provides a $2,000,000 Accounts Receivable facility to a business that operates in the Oil and Gas sector hauling waste water from oil wells and then disposing the waste water in their disposal sites.

As part of an acquisition solution, Sallyport and a partnering equipment lender, supplied the needed capital required to close the transaction and provide ongoing working capital.  The new ownership team will continue to service the existing clients and have the ability to expand and grow with Sallyport’s support.

“Sometimes an unusual set of circumstances come together to create an opportunity.  The Team assembled for this acquisition helped us get over a couple of deal points that would usually be deal breakers for any lender.  Sallyport was very happy to take the long view and back the acquisition Team,” says Nick Hart, President.

Sallyport is pleased to provide the creative finance solutions required so the new owners can easily acquire the business, expand their services, and modernize their internal controls.  Working through a convoluted set of circumstances, we’re confident the business is now positioned to meet their aggressive growth projections and secure their Hopes and Dreams.

Posted in
  • News

$5MM Finance for a Construction Business

June 18, 2021

Sallyport have just finalized an agreement to provide $5.0 million in finance for a construction business. The client had limited…

Read More

$2MM Purchase Order Finance for Apparel Business Expansion

June 15, 2021

Sallyport are thrilled to announce $2.0 million in accounts receivable and purchase order finance for an expanding apparel business. Sallyport…

Read More
  • Articles

Hold the Phone: Verification Calls Are Key Risk Management Tools

There is no question that technology is helping factors function in a more efficient, cost effective manner.  But Emma Hart…

Read More

Asset-based Lending – Fact or Fiction

Asset-based lending has been around for a long time and is a very popular way to improve working capital for…

Read More
  • Videos

The Most Financial Time of the Year

Sallyport commercial finance’s Annual Holiday Music Video!  

View Now

Popkoffs Client Testimonial

Popkoffs Client Testimonial   

View Now
Scroll To Top