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Allied Affiliated Funding Annouces Recent Transactions

November 03, 2015, 07:27 AM

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

  • $3 million accounts receivable facility for a trucking company specializing in transporting all goods related to the wine industry including hauling grapes, barrels, glass, case goods, and bulk equipment. After the company experienced some losses, the company’s bank termed out their line of credit but maintained their equipment loans. The company needed a new working capital resource, especially since they were entering their harvest season. The company’s consultant referred the transaction, and Allied was able to structure a facility that would pay-off the revolving line of credit, fund amounts to collateralize letters of credit for fuel, and provide working capital for the business. This Funding By Allied helped the company refinance their current line of credit while gaining more working capital for the growth they experience during the harvest season.
  • $3 million accounts receivable facility for a merger between two marketing technology firms: one specializing in design concepts, engineering, fabrication and installation of high tech systems for personalized themed environments and the other being a servicing technology company focused on high-end audio-visual networks for clients domestically and internationally. Additional funding was also needed to repay existing debt, provide ongoing capital and complete the merger. Allied was able to structure a facility that included technology and installation billings. This Funding By Allied provided the necessary capital to repay debt and complete a successful merger while also providing ongoing working capital to the business so they could increase sales, reduce overall costs, diversify their customer base and expand their 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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