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Allied Affiliated Funding Closes $2MM Facility With Transportation Company

May 31, 2016, 07:21 AM
Filed Under: Transportation

Allied Affiliated Funding announced the following recently closed transaction:
$2 million accounts receivable facility including a $250,000 brokerage line and a $200,000 revolving line of credit to a Texas-based transportation company that hauls general freight for a variety of large customers.  The company experienced significant growth historically and then decided to outsource their back office operations, which came with unexpected consequences including dissatisfied customers. The owner decided to take back over her operations and regrow the business. However, the company needed growth financing until they could obtain a more traditional bank line.  This Funding By Allied will enable the company to build the financial history and performance needed in order to transition to a bank within the next year.

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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