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 Commercial Finance Customizes a Credit Facility for a Mortgage Advisory Firm

June 22, 2020

5/15/20 – California – Sallyport Commercial Finance arranges a $2,000,000 Accounts Receivable facility including a $500,000 Cash Flow Loan to…

Read More

Sallyport Commercial Finance Structures a Multi-Million Dollar Credit Facility for an Electronics Company.

June 10, 2020

5/22/20 – California – Sallyport Commercial Finance arranges a $3,000,000 Accounts Receivable facility for a national distributor of gaming and…

Read More
  • Articles

Damon Dickens

The Evolving Nature of Risk Management   By Damon Dickens In a rapidly changing world, having confidence in your risk-management…

Read More

Hold the Phone: Verification Calls Are Key Risk Management Tools

There is no question that technology is helping factors function in a more efficient, cost effective manner.  But Emma Hart…

Read More
  • Videos

The Most Financial Time of the Year

Sallyport commercial finance’s Annual Holiday Music Video!  

View Now

What is Factoring?

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

View Now
Scroll To Top