Sallyport announced $1,500,000 in accounts receivable financing for a U.S. oil and gas services business.

The client had been a long-term prospect and was in need of a lender to support them in high growth mode. The funds will enable them to continue acquiring complementary businesses in the oil and gas space and expand to offer a comprehensive range of services to the industry.

Sallyport Senior Vice President, Alexandra Scoggin is delighted to welcome another oil and gas company on board saying, “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. They are very driven and have admirable ambitions to grow their business and they will be a great addition to the Sallyport family.”