Skip to content
Newsroom

Sallyport Commercial Finance expedites a $1,500,000 funding request for service provider to cover payroll

10/14/20 – Louisiana – Sallyport Commercial Finance helps a staffing firm in the oil and gas sector meet critical time lines to meet payroll.  The business found itself short on funds as they tapped out their PPP funding and scrambled to cover payroll.  In less than a week, Sallyport’s team structured a $1,500,000 credit facility, keeping the business on track.

“Several introducers including the company’s own bank told them to reach out to Sallyport.  We’re excited to be able to structure a solution that will help the business owner sleep better, knowing they have the resources to cover payroll.”  states, Greg Dyson, National Sales Manager.  “I’m very proud of our team that worked diligently to make this happen!”  

Sometimes the cash flow cycle simply doesn’t match up when a customer is slow to pay.  Having a reliable solution through accounts receivable financing will help this business meet their weekly obligations and secure a positive relationship with their customers.  With this burden behind them, the owners can concentrate on growing the business and focus on the future.

Posted in
  • News

$500K Boost: Sallyport Helps Meat Processor Thrive

March 31, 2025

At Sallyport, we believe in fueling the ambitions of business owners with the financial support they need to thrive. We’re…

Read More

$1,750,000 to Keep Oilfield Businesses Flowing

March 30, 2025

At Sallyport, we’re committed to helping businesses overcome cash flow challenges and achieve their long-term goals. We’re excited to announce…

Read More
  • Articles

food-and-beverage-manufacturing-vibrant-bottles-up-close-at-bottling-plant

Top 10 Ways to Improve Performance in Food and Beverage Manufacturing

There’s no doubt, being in the food and beverage manufacturing industry at this point in time is tough. It was…

Read More

Equipment Financing for Startups- The Lowdown

Equipment financing refers to finance that is used to loan or lease a tangible business asset other than real estate.…

Read More
  • Videos

Supporting Businesses in 2020

View Now

What is Factoring?

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

View Now
Scroll To Top