Sallyport Commercial Finance provided $4 million in accounts receivable funding to a client in the oilfield services industry. The company was referred to Sallyport by a Calgary consultant. This funding is designed to enable the company to repay existing debt and invest in growth opportunities.
“The client is adding a new revenue stream to their business and is expecting major growth,” Dan Millar, vice president of Sallyport, said. “We have provided them with a flexible working capital solution and we are excited to see them grow.”
