Sallyport Commercial Finance arranged a $500,000 accounts receivable facility to a servicing company in the energy sector that pivoted the business to include green energy with inspection and servicing agreements on wind turbines. As the oil prices dropped and COVID-19 halted the economy, the owners proactively moved into a new market with growing demands.
“Times are challenging, but this company took the opportunity to change their business model,” states Wade Concienne, VP of Sales. “Sallyport was an essential piece to this change that allowed them access to more sustainable financing to fuel their growth. We are excited to have them on board!”
The bank referral trusted Sallyport’s understanding and commitment to small business and was confident they would be a great partner. The business is now in a position for continued growth and expansion worldwide.
