10/20/20 – Texas – Sallyport Commercial Finance provides needed working capital for staffing firm servicing the oil and gas sector. The business found itself without a credit facility and abandoned when their current lender decided to exit out of energy. Taking the time to understand the client’s current situation and partnering with a credit insurance company to help mitigate risk, Sallyport structured a solution that will benefit the business in the short term so they can focus on the future.
“Being cut off by a lender is extremely stressful” states, Greg Dyson, National Sales Manager. “During these unprecedented times, we have to find creative ways to fund businesses, that will bring value to entrepreneurs struggling to keep their business afloat.”
Sallyport is pleased to provide the needed working capital required to cover payroll and help the business navigate difficult times in the energy sector. When the economy stabilizes, the business will be positioned to expand and diversify, ensuring the owners will be able to achieve their Hopes and Dreams.
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