FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
 
Skip Navigation LinksHome / Press Releases / Read Press Release

Print

Allied Affiliated Funding Provides $2MM Facility to Staffing Company

January 09, 2014, 03:51 PM
Filed Under: Staffing Services


Allied Affiliated Funding announced the following recently closed transaction:

A $2 million credit facility to a start-up staffing company that focuses on skilled labor needs in the North Dakota market. Because of their rapid start up and incredible growth in new business, the company needed quick access to growth capital through a factoring partner that could close in a short time period.

The funding by Allied has enabled the company to utilize their cash flow to continue to grow their business.

Allied is a nationwide commercial finance company specializing in accounts receivable factoring, offering facilities from $100,000 up to $10 million.  Founded in 1992, Allied remains one of the longest-tenured, privately owned factoring companies in the United States.







Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.