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.