Sallyport Commercial Finance Successfully Closes an Accounts Receivable Facility to a Company Servicing the Pipeline Construction Industry.

4/5/19 – Texas – Sallyport Commercial Finance provides a $1,700,000 Accounts Receivable facility to a company that offers various sanitation and equipment rental services to the oil and gas industry.  The deal was a leveraged buy-in of an established, well performing business, uniting a strong executive team to take the business to new levels.

The company offers an assortment of services including portable restroom rentals and trash collection services to large companies working in the oilfields.  In addition, they also offer a variety of equipment rental services including pressure washers and tractors.

“We truly showed our flexibility and speed on this deal. The client had a very tight deadline to finance their acquisition and we were able to move fast and help our client secure the financing necessary to close in time. Our ability to truly put the client’s needs first and work efficiently made this hard deadline easy for us to execute,” states Danny Krasna, Vice President of Business Development.

Sallyport is pleased to provide ongoing working capital that allows the new ownership team the confidence of managing the business from acquisition through expansion.  With Sallyport’s support, the business will pay off their existing bank facility and unlock the working capital needed to expand and acquire more business.