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Allied Affilated Funding Provides $1MM Facility to Software Company

January 12, 2015, 08:00 AM
Filed Under: Software

Allied Affiliated Funding is pleased to announced it provided a $1 million receivables financing facility to a Texas-based web software company. The company’s products help secure web sessions from data leakage and protect data. This privately held, investor backed corporation with customers throughout North America and Europe had raised several million dollars to develop and launch their product. The business still needed additional working capital to keep up with recent product demand and growth. Allied provided a funding solution that enabled the company to receive working capital by financing their advance billing contracts for customers both domestically and internationally. In fact, the initial funding was to finance part of a three year contract to a foreign based customer. This funding by Allied will help the company continue to grow their business and expand into new markets.

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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