Sallyport Commercial Finance Secures $500K Line of Credit for Staffing Company

Sallyport Commercial Finance provided $500,000 of working capital for a staffing firm servicing the oil and gas sector. The business found itself without a credit facility and abandoned when its current lender decided to exit out of energy.

Taking the time to understand the client’s current situation and partnering with a credit insurance company to help mitigate risk, Sallyport structured a solution that will benefit the business in the short term so it can focus on the future.

“Being cut off by a lender is extremely stressful,” Greg Dyson, national sales manager for Sallyport, said. “During these unprecedented times, we have to find creative ways to fund businesses that will bring value to entrepreneurs struggling to keep their business afloat.”