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Allied Affiliated Funding Announces Recent Transactions

October 20, 2015, 07:06 AM

Allied Affiliated Funding announced the following recently closed transactions: 

  • $100,000 accounts receivable facility for a start-up healthcare staffing company providing anesthesiologists and nurses to hospitals and surgical centers. This funding By Allied will enable this start-up company to make their payroll while awaiting payments from their customers.
  • $500,000 accounts receivable facility for a manufacturer of corrugated graphic packaging and display systems.  The company’s bank line of credit was maxed and additional working capital was needed to run the business and continue to grow. To help the company with this challenge, Allied, the bank and the company created a program where Allied would finance only a few customers. This ‘carve out’ allowed their bank to keep the existing line of credit in place with a lower cost of funds to the company, while also supplying additional cash for the business to grow.  This funding By Allied will give the company flexibility and more working capital so they can make vendor payments on overdue accounts and ramp up their manufacturing output.

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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