Sallyport Commercial Finance Provides Existing Oil & Gas Client with $2 Million to Further Acquisition

An existing Sallyport client in the oil and gas services space has just been equipped with $2,000,000 accounts receivable finance to fund their most recent acquisition in the sector.

Initially referred to Sallyport by a contact in the investment banking industry, the client is moving forward with their expansion plans, acquiring complementary businesses in the oil and gas services industry. These funds will enable them to restructure the debt incurred in acquiring the company and move progress with their growth plans.

Senior VP for Sallyport, Alexandra Scoggin, is excited to see our relationship go from strength to strength as the client looks to finance further acquisitions with us. “They are an existing client of mine. This is the second business that they have factored and they have another in the pipeline that we are looking to get funded in the coming month. I’m very pleased that the client is satisfied with our services and happy for us to support them further in their journey. We look forward to partnering with them as they add more businesses to their armor,” Scoggin said.

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.