Sallyport Finances $1.5MM for Oil and Gas Services Business

Sallyport Commercial Finance provided $1.5 million in accounts receivable financing for a U.S.-based oil and gas services business.

The client had been a long-term prospect and needed a lender to support it in high growth mode. The financing from Sallyport will enable the company to continue acquiring complementary businesses in the oil and gas space and expand to offer a comprehensive range of services.

“From start to finish, our client was responsive and was able to provide all the information we needed in order to get him funded in just a week,” Alexandra Scoggin, senior vice president at Sallyport Commercial Finance, said. “They are very driven and have admirable ambitions to grow their business, and they will be a great addition to the Sallyport family.”