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Allied Affiliated Funding Provides $450,000 A/R Facility to Food Manufacturer

May 17, 2016, 07:14 AM
Filed Under: Food Manufacturing

Allied Affiliated Funding announced the following recently closed transaction:

A $450,000 accounts receivable facility to a licensed manufacturer and distributor for one of the largest and most recognizable food companies in the United States. The company is expecting exponential growth over the next year after recently receiving several large purchase orders for key grocery chains across the Midwest. Management at the company needed a way to finance these large orders. The company reached out to Allied hoping for a purchase order and receivable financing facility. Allied structured and arranged this transaction, giving the company the capital needed to accept these new purchase orders and grow the business.

Headquartered in Dallas, TX, 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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