Sallyport Commercial Finance

14100 Southwest Frwy, Houston, TX
Sallyport Commercial is a Houston, TX factoring company.
Nick Hart of Sallyport Commercial Finance
Nick Hart
President

Nick Hart

President

Nick was previously the Chief Executive Officer of Bibby Financial Services USA, California from 2008 to 2014 where he grew the business approximately fourfold. He moved to California after serving as the Managing Director, of Bibby Factors Yorkshire Limited UK from 2002 to 2008. In this role, he led the launch of and established the office in Yorkshire and took over the management for the North East of England (Sunderland). Prior to Bibby, Nick worked for Alex Lawrie Factors (part of Lloyds Bank) where he managed an approximately $65 million portfolio of 1,000 clients and a staff of 45 employees. Before joining Lloyds Bank, Nick spent five years at Deloitte & Touche in Leeds, London, Luxembourg, and Abu Dhabi. Nick received a Bachelors in Science (with Honors) in Business Studies from the Bradford University Business School. He is currently, a Board Member of the California Fashion Association and Fundraising Committee Member of City of Hope. Nick is married and has four children. He likes to play and collect guitars. He is an avid motorist and has owned several collectible sports cars. He holds a National B race license.

Bio

Sallyport Commercial Finance is an independently owned and operated factoring company in Houston, TX. Sallyport offers a full-range of customized financial products including accounts receivable financing, international factoring, asset based lending and purchase order financing.

Sallyport Commercial Finance was formed to serve clients across the United States from its headquarters in Houston, Texas. We provide oil and gas factoring services in all the major energy locations in the US. We've worked in East and West Texas, North Dakota, Pennsylvania, Ohio, Northeast US and Western US.

Sallyport offers these invoice factoring benefits:

  • Confidential factoring available
  • Domestic & export receivables financing
  • Advance rates up to 90%
  • Funding facilities from $100,000 to $10 million

We fund invoices for customers that are both domestically and internationally based, subject to credit worthiness and some due diligence. We have experience in all the major trading and commerce centers in the US, as well as having worked globally.

Industries Served:

Apparel
Business Services
Distribution
International
Manufacturing
Oil and Gas
PO Financing
Staffing Agencies
Trucking

Featured Services:

Collection services:
Yes
Credit services:
Yes
24 hour funding:
Yes
Non-recourse factoring:
Yes
Online reporting:
Yes
Invoice software integration:
Yes

Terms of Service:

Contract length:
Usually 1 year.
Application and start-up fees:
$500 due diligence fee.
Monthly minimum:
No.
Factor all invoices:
Yes.
Reserve availability:
Immediately after the invoice is paid.
Cancellation fee:
No cancellation fees for returning to referral source, otherwise 5% of facility size for early termination.
Additional fees:
Wire $35, ACH $10, Lockbox fee $50/mo, UCC monitoring fee $100/mo

General Information

832-939-9450
Visit website
Year founded:
2014
No. employees:
2-10
Associations:
IFA
Address:
14100 Southwest Frwy, Houston, TX

Financial Information

Minimum credit facility ($):
100,000
Maximum credit facility ($):
10,000,000
Advance rate (%):
80-90%
Other types of financing:
Asset Based Lending, PO Financing, Cash Flow Loans
Contact
832-939-9450

14100 Southwest Frwy, Houston, TX

14100 Southwest Frwy, Houston, TX

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