Sallyport Commercial Finance Delivers $7.5MM in A/R Funding to Tank Manufacturer

Sallyport Commercial Finance provided $7.5 million in accounts receivable funding to a tank manufacturer for the oil and gas industry. The manufacturer had a backlog of $80 million worth of orders and needed working capital to satisfy an investor loan and meet payroll while also getting products to customers.

“We are excited to be a trusted partner in the continued expansion of a 100-year-old business serving the energy sector,” Greg Dyson, national sales manager for Sallyport Commercial Finance, said. “By unlocking their accounts receivables, the business is poised to fill all their back orders with confidence and meet timely deliverables to exceed customer expectations.”