Skip to content
Newsroom

Sallyport Commercial Finance secures a $500,000 accounts receivable line of credit for staffing company

10/20/20 – Texas – Sallyport Commercial Finance provides needed working capital for staffing firm servicing the oil and gas sector.  The business found itself without a credit facility and abandoned when their 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 they can focus on the future.

“Being cut off by a lender is extremely stressful” states, Greg Dyson, National Sales Manager.  “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.” 

Sallyport is pleased to provide the needed working capital required to cover payroll and help the business navigate difficult times in the energy sector.  When the economy stabilizes, the business will be positioned to expand and diversify, ensuring the owners will be able to achieve their Hopes and Dreams.

Posted in
  • News

Q2: Spotlight on Recruitment

July 17, 2024
Read More

Sallyport UK Team Takes Time to Give Something Back

May 17, 2024

Our team were honoured to spend a day volunteering recently at Leuchie House, a fantastic independent charity that provides support…

Read More
  • Articles

The Evolving Nature of Risk Management

The Evolving Nature of Risk Management   By Damon Dickens In a rapidly changing world, having confidence in your risk-management…

Read More

Does Your Business Qualify for the ERTC Tax Credit?

The Employee Retention Tax Credit (ERTC) was established in 2020 as part of the CARES act in order to encourage…

Read More
  • Videos

AG Machining Client Testimonial

AG Machining Client Testimonial   

View Now
sallyport commercial finance logo

What is an Entrepreneur?

View Now
Scroll To Top