Sallyport Provides $2MM Finance for Oilfield Services
March 8, 2025 - We are thrilled to announce a $2,000,000 AR Non-Notification facility for a growing oilfield services company navigating a recent acquisition.
With traditional banks unable to assist post-acquisition, we stepped in to provide the working capital needed to support day-to-day operations and set the stage for future expansion. This funding will enable the company to execute its roll-up strategy, acquiring additional businesses to strengthen its market presence.
Referred to us by two sources; a US competitor unable to fund Canadian deals and a trusted Canadian lender, the client chose Sallyport for our strong reputation in the Oil and Gas market and ability to meet their tight funding deadline.
"We are delighted to be able to help this client with working capital. The owner is a wellestablished businessman in the area, looking to acquire more companies, and we hope to support their growth and roll-up strategy." — Dan Millar, Vice President, Sallyport Canada
At Sallyport Commercial Finance, we pride ourselves on providing flexible and timely funding solutions to help businesses seize new opportunities. This partnership reflects our commitment to empowering businesses with the financial solutions they need to thrive. If you're looking for funding to support your next big move, we’d love to help!
About Sallyport Commercial Finance
Sallyport Commercial Finance is an independently 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.