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Allied Affiliated Funding Provides $1.5MM Facility to Energy Services Company

August 19, 2015, 07:03 AM
Filed Under: Energy Services

Allied Affiliated Funding is pleased to announce the following recently closed transaction:
A $1.5 million accounts receivable facility to an oil and gas servicing company that focuses on providing equipment and work crews for the maintenance and repair of wells. The company’s traditional bank line of credit was no longer sufficient to support their growth needs. The banker referred the company to Allied knowing that Allied could structure and quickly close a transaction that allowed the bank to continue funding the machinery and equipment while Allied funded the receivables portion through invoice factoring. By providing a fast financing solution that worked with their existing banking relationship, this funding by Allied enabled a growing company to expand their business beyond what was previously possible.

Headquartered in Dallas, Allied provides creative, flexible, and fast factoring and asset-based lending services to a wide array of industries. Allied's clients include commercial businesses with commercial accounts receivable that are seeking working capital but do not qualify for traditional bank financing. Additional offices are located in New York and Florida.

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