Sallyport Commercial Finance expedited a $1.5 million funding request for a service provider in the oil and gas sector to meet its payroll deadline.
The company was short of funds after running out of its PPP loan. Facing a payroll deadline, the company reached out to Sallyport, which structured the credit facility in less than a week.
“Several introducers, including the company’s own bank, told them to reach out to Sallyport. We’re excited to be able to structure a solution that will help the business owner sleep better knowing they have the resources to cover payroll,” Greg Dyson, national sales manager at Sallyport, said. “I’m very proud of our team that worked diligently to make this happen.”
