Daily News: August 12, 2019

Sallyport Provides $500K Facility to Demolition Company


Sallyport Commercial Finance closed a $500,000 accounts receivable facility for a construction clean up company.

The company specializes in new construction debris removal, driveway pours, form setting, land clearing and leveling for new homes.

A local business consultant was working with the owner, who had difficulty staying current with his suppliers. The consultant turned to Sallyport to provide the cash flow relief the businesses needed.

“The company started over 20 years ago as a family business and has grown into a respectable one with solid client relationships. With the help of Sallyport, the company will be able to take their business to the next level of fulling their working capital needs, enabling them to main positive relationships with key suppliers. They have big plans for the future, and I am excited to them them grow,” said Wade Concienne, VP of Business Development.