Sallyport Commercial Finance provided a $10,000,000 AR Bulk ABL Facility to a provider of market leading technology in the oilfield industry.

The company was seeking traditional bank financing, but when declined under time sensitive circumstances, they turned to Sallyport for a quick turn-around solution.  Sallyport was able to deliver quick and creative financing to help them meet payroll and assist them with their growing portfolio.

“It was a privilege working with the management team to deliver a responsive solution that ensured the required capital needed to meet its ongoing obligations.  Ownership was grateful for the fast turnaround and is now positioned for explosive growth due to the high demand for their services,” says Greg Dyson, National Sales Manager.