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

Canadian Oilfield Services Gets $4,000,000 Funding Boost

November 28, 2024

We are thrilled to announce that Sallyport has successfully provided $4 million in Accounts Receivable funding to a dynamic client…

Read More

$4M Funding Furthers Belluscura’s U.S. Expansion Goals

November 21, 2024

Sallyport Commercial Finance is delighted to announce a $4,000,000 funding facility for Belluscura, a trailblazing medical device company focused on…

Read More
  • Articles

2022-federal-budget-blog-feature-ottawa-parliament

Canadian Business and The 2022 Federal Budget – Key Takeaways

It’s fair to say small businesses didn’t feature massively in the Canadian 2022 Federal Budget proposed last week. Although there…

Read More
small business loans blog - couple with bank finance manager

Are Small Business Loans Hard to Get?

Small business loans have been the primary source of external financing for businesses and entrepreneurs for hundreds of years and…

Read More
  • Videos

What is Factoring?

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

View Now

American Business Women’s Day

Sallyport Commercial Finance Celebrates American Business Women’s Day  

View Now
Scroll To Top