Daily News: June 3, 2019

Sallyport Closes $1.8MM A/R Facility for Land Acquisition Company


Sallyport provided a $1.8 million accounts receivable facility to a specialty service and land acquisition company that caters to the energy sector.

An entrepreneurial minded business owner decided to separate from his partners to take advantage of untapped business opportunities. Understanding the significance of receivable financing, the owner partnered with Sallyport Commercial Finance to help his business get off the ground.

“We take great pride in our services and the solutions we provide to our clients who need a partner that will help them reach new heights and manage through the daily challenges of running a business”, states Greg Dyson, national sales manager. “We’re pleased the client has the confidence in Sallyport to support them as they continue to expand and grow.”

Having emerged from a Sallyport existing client, the owner felt confident of Sallyport’s working capital solution to take on this new venture expanding into the energy sector. With Sallyport’s financing and A/R management, the company is positioned to win more contracts and continue to excel with the highest level of customer service.