Sallyport Commercial Finance provided a $2 million accounts receivable facility to a new start oil and gas service company specializing in downhole work, tank cleaning and line finding.
The owner is a seasoned and serial entrepreneur with more than 30 years of experience in the services industry. He was watching a service company work on one of his salt water tanks and realized he could develop a more efficient process, leading to his next business endeavor.
“Nowhere is entrepreneurship more evident than in the oil and gas sector. When the company approached Sallyport with a new product and service, it was imperative to understand what drives their success and to understand their needs,” said Nick Hart, Sallyport president. “We sat down with the client, listened to their ideas, and suggested several options that would help them avoid the pitfalls, jump the roadblocks and accelerate their business in the direction they desire.”
