Sallyport Commercial Finance Provides $500K A/R Facility to Oil and Gas Services Business

Sallyport Commercial Finance provided $500,000 in accounts receivable financing to a new business in the oil and gas services industry.

The company was referred to Sallyport Commercial Finance by a banker. The company anticipates getting its services utilized by mid-market and large independent oil companies.

“I'm proud to be a part of a team that understands the unique financial needs of a new and growing company,” Dean Winter, business development executive for Sallyport, said. “I’m excited to see how our funding can enable this oil and gas services company to seize opportunities, grow their business and succeed in today’s competitive market. It’s a pleasure to add such ambitious entrepreneurs to our portfolio.”