Sallyport Commercial Finance provided a $5 million accounts receivable facility to a newly formed staffing company that offers expertise to onshore land-based and marine applications.
The business provides skilled craftsmen with a range of specialized services that include electrical, fabrication, instrumentation, construction, environmental, supervisory, safety and inspection.
An investor group introduced the company to Sallyport in order to provide the company with financing to support its growth.
“We are proud to partner in their new venture. They have assembled a powerful management team and despite being a new entity, their excellence in service delivery has already blown the competition away,” said Nick Hart, Sallyport president. “The result of our powerful partnership is that their client has now made them a key supplier and sales are likely to be double the initial projection.”
