Sallyport Commercial Finance Provides $4 Million Funding for Canadian Oilfield Services Company
December 9, 2024
Source: Sallyport Commercial Finance
Sallyport Commercial Finance announced it has successfully provided $4 million in accounts receivable funding to a dynamic client in the oilfield services industry. Referred by a Calgary consultant, this funding will enable the company to repay existing debt and invest in substantial growth opportunities within their sector.
The client’s decision to partner with Sallyport came after changes to their business structure allowed the majority shareholder to take decisive steps toward enhancing their working capital. Sallyport’s long-standing relationship with the shareholder and its reputation for delivering flexible funding solutions positioned it as the ideal partner to support their growth ambitions.
Sallyport Vice President Dan Millar shared, “The client is adding a new revenue stream to their business and is expecting major growth. We have provided them with a flexible working capital solution and we are excited to see them grow.” We are proud to play a pivotal role in this client’s journey as they expand their footprint in the Oilfield Services industry and look forward to witnessing their continued success.
Sallyport Commercial Finance is an independently owned and operated specialty finance company focused on providing entrepreneurs with working capital solutions for small to medium sized businesses, to help drive growth and achieve business hopes and dreams. Sallyport Commercial Finance offers a full suite of factoring and asset based products including Accounts Receivable Finance, Purchase Order Finance, Equipment and Inventory Finance, Cash Flow Loans, and Real Estate Loans. Very experienced in all industries, our current portfolio includes businesses in Staffing, Energy, Food & Beverage, Apparel, Manufacturing, Service Industry, Transportation, Government Receivables, and IT.
The client’s decision to partner with Sallyport came after changes to their business structure allowed the majority shareholder to take decisive steps toward enhancing their working capital. Sallyport’s long-standing relationship with the shareholder and its reputation for delivering flexible funding solutions positioned it as the ideal partner to support their growth ambitions.
Sallyport Vice President Dan Millar shared, “The client is adding a new revenue stream to their business and is expecting major growth. We have provided them with a flexible working capital solution and we are excited to see them grow.” We are proud to play a pivotal role in this client’s journey as they expand their footprint in the Oilfield Services industry and look forward to witnessing their continued success.
Sallyport Commercial Finance is an independently owned and operated specialty finance company focused on providing entrepreneurs with working capital solutions for small to medium sized businesses, to help drive growth and achieve business hopes and dreams. Sallyport Commercial Finance offers a full suite of factoring and asset based products including Accounts Receivable Finance, Purchase Order Finance, Equipment and Inventory Finance, Cash Flow Loans, and Real Estate Loans. Very experienced in all industries, our current portfolio includes businesses in Staffing, Energy, Food & Beverage, Apparel, Manufacturing, Service Industry, Transportation, Government Receivables, and IT.