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Allied Affiliated Funding Announces Recent Transaction

October 15, 2014, 07:21 AM

Allied Affiliated Funding announced the following recently closed transaction:

A $5 million receivables line including a $500,000 purchase order facility to a Pennsylvania-based food manufacturer. Acquired in 2012, the majority owner has injected a significant amount of capital into the business to help re-launch their brand.

Recently, the company received several orders from large retailers, one of which was over $3 million for the holiday season. Allied worked closely with the business and their new management team to create a structure that allowed the company to pay for the materials and labor to complete the orders. This hybrid financing program that included both receivables financing and purchase order/inventory financing will enable the company to grow their business and obtain additional orders from these large retailers in the future.
Headquartered in Dallas, Texas for the past 22 years, 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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