Sallyport Commercial Finance Provides $1.5 Million Accelerates Rapid Growth for Oil Services Business

Sallyport Commercial Finance is pleased to announce $1,500,000 in accounts receivable finance for a U.S. oil and gas services business.

The client had been a long-term prospect and was in need of a lender to support them in high growth mode. The funds will enable them to continue acquiring complementary businesses in the oil and gas space and expand to offer a comprehensive range of services to the industry.

Sallyport senior vice president, Alexandra Scoggin, is delighted to welcome another oil and gas company on board.

“From start to finish our client was responsive and was able to provide all the information we needed in order to get him funded in just a week, Scoggin said. “They are very driven and have admirable ambitions to grow their business and they will be a great addition to the Sallyport family.”

Sallyport Commercial Finance is an independently owned and operated specialty finance company focused on providing entrepreneurs with working capital solutions for small to medium sized businesses, to help drive growth and achieve business hopes and dreams. Sallyport Commercial Finance offers a full suite of factoring and asset-based products including Accounts Receivable Finance, Purchase Order Finance, Equipment and Inventory Finance, Cash Flow Loans, and Real Estate Loans. Very experienced in all industries, our current portfolio includes businesses in Staffing, Energy, Food & Beverage, Apparel, Manufacturing, Service Industry, Transportation, Government Receivables, and IT.