Sallyport Provides $2MM to Existing Oil & Gas Client to Further Acquisition

Sallyport Commercial Finance provided $2 million in accounts receivable financing to fund a a recent acquisition by an existing client in the oil and gas services sector. These funds will enable the company to restructure the debt incurred in acquiring the company and grow its business.

“They are an existing client of mine. This is the second business that they have factored and they have another in the pipeline that we are looking to get funded in the coming month,” Alexandra Scoggin, senior vice president at Sallyport, said. “I’m very pleased that the client is satisfied with our services and happy for us to support them further in their journey. We look forward to partnering with them as they add more businesses to their armor.”