Sallyport Commercial Finance provided a $10 million A/R bulk ABL facility to a provider of technology in the oilfield industry.

The company originally sought out traditional bank financing, but when declined under time sensitive circumstances, it turned to Sallyport for a quick turn-around solution. Sallyport provided financing to help the company meet payroll and assist it with its 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 at Sallyport.