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Allied Affiliated Funding Provides Factoring Facility to Energy Services Company

August 28, 2015, 07:07 AM
Filed Under: Energy Services

Allied Affiliated Funding announced the following recently closed transaction:
$750,000 invoice factoring facility to a recently formed business that provides frac water treatment services to the oil and gas industry.  The company tried to get a traditional bank loan, but the timing required to close the loan was not sufficient to meet their payroll the following week. The company called Allied to set up a fast funding facility. Allied was able to fund the company within 48 hours of receiving back the signed proposal. The funding by Allied gave the company the funding solution they needed to meet payroll with a week to spare.
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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