Sallyport Commercial Finance provided a $10 million accounts receivable facility to a supplier and trader of fuel and lubricants.
Sallyport Commercial Finance provided a $15 working capital facility with a provision to increase to $30 million to a producer of renewable fuels, distiller grains and alcohols.
Sallyport Commercial Finance provided $1.75 million in funding for a hospitality services supplier in the U.S. The financing package included accounts receivable financing, equipment finance and a term loan.
Sallyport Commercial Finance finalized an agreement to provide $5 million in financing to a construction business.
Sallyport Commercial Finance promoted James Bartel to senior vice president of sales, effective immediately. Bartel has served Sallyport Commercial Finance’s SME and entrepreneur business owner clients over the past four years.
Sallyport Commercial Finance arranged a $14.5 million package, including an accounts receivable facility, purchase order facility and inventory facility, for a manufacturer of broadband communication products.
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.
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.
Sallyport Commercial Finance provided a $4 million working capital facility – including a $720,000 term loan – to a regional oil distributer.
Bibby Financial Services announced the addition of Andy Oropeza to its West Coast sales team.