Skip to content
Newsroom

$500K Credit Facility to a Business in the Oil and Gas Industry.

Sallyport Commercial Finance Provides a $500K Credit Facility to a Business in the Oil and Gas Industry.

North Dakota- 4/30/18 – Sallyport Commercial Finance provides a $500,000 Accounts Receivable facility to an oilfield services company.

Established during the downturn in the oil and gas sector, the company offers specialty support services and supplies to the oilfield business such as rig completion jobs, rig removal and hot shot services.

“This business had the challenge of meeting several payrolls before they are paid by their customers.  With Sallyport’s help, the firm can now confidently meet payroll and accommodate the increasing demand in the oil and gas sector,” says VP of Business Development, James Bartel.

The company conducted a vigilant search to find the right funding partner that would meet their needs to grow the business.  The CFO had used a factor in the past and had mixed feelings due to a prior experience.  Sallyport was chosen due to ease of use, responsiveness, and the alignment of business values.

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.  The senior management team have over 50 years of collective experience in helping entrepreneurs grow their businesses, both in the US and Europe, by turning their invoices and assets into cash.  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 our industries, our current portfolio includes businesses in Staffing, Energy, Food & Beverage, Apparel, Manufacturing, Service Industry, Transportation, Government Receivables and IT.

Posted in
  • News

Sallyport Agrees $1,600,000 Finance for Canadian Manufacturer

November 4, 2021

We’re excited to announce a $1,600,000 accounts receivable facility for a growing Canadian manufacturer in the agricultural space. The client…

Read More

$7,500,000 Funding for Electronics Distributor

October 15, 2021

Sallyport are delighted to announce that we’ve just provided a $7,500,000 accounts receivable facility for an electronics distributor. Referred to…

Read More
  • Articles

Financing a Professional Services Business

We often regard professional services businesses as being easier to manage than a product based business and in a lot…

Read More

How to Extend Credit to Customers the Right Way

In the current climate it’s highly likely you’ve already been asked to extend credit terms to your customers. Small businesses…

Read More
  • Videos

What is Factoring?

Here we explain what exactly factoring is and how we can help your cash flow…

View Now
sallyport commercial finance logo

What is an Entrepreneur?

View Now
Scroll To Top