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Allied Affiliated Provides $7.5MM ABL to Printing Company

August 04, 2014, 07:26 AM
Filed Under: Printing

Allied Affiliated Funding is pleased to announce the following recently closed transaction:

A $7.5 million ledgered asset-based loan facility including a $250,000 inventory loan and a $500,000 equipment loan to a printing and direct mail company. The company had been financed in the ABL division of a bank for the past year and was in the process of being acquired. The new owners had worked with Allied on a number of other acquisitions over the past several years and once again chose Allied to provide the acquisition financing and ongoing working capital. Their prior experience and relationship with Allied were key because of the flexibility in Allied’s structure, combined with the new lending options that offered more availability through equipment and inventory loans. This Funding By Allied under Allied’s new ledgered ABL program helped facilitate the acquisition and provide ongoing working capital for the 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.

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