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Allifed Affiliated Funding Announces Recent Transactions

July 12, 2016, 07:29 AM

Allied Affiliated Funding announced the following recently closed transactions:

A $1.5 million accounts receivable facility plus a $200,000 term loan to a minority-owned staffing firm. The company was a former Allied client until 2013, graduating into a bank line of credit at that time. Now, the company has outgrown that credit line returning once again to Allied to help provide growth capital.  Allied structured a receivables line to accommodate the company’s ongoing working capital needs plus added a term loan to help further facilitate their growth.   This Funding by Allied will allow the staffing agency to continue moving forward without financial or cash restrictions.

A $350,000 accounts receivable facility to a company that distributes oil and gas drilling supplies to well sites and warehouses. After the industry downturn, the company struggled with continued working capital needs, as most others in this space. Their long term banker referred them to Allied to help provide additional capital in tandem with their bank financing. The Funding by Allied gave this company more working capital to operate their business.

A $100,000 accounts receivable start up-financing to a fiber optics and cable installation sub-contractor. Through Allied’s vendor finance program, this start up business can now accept new jobs in the telecom industry. The company was able to begin their work for the contractor, and with Allied’s help, will now have sufficient monies for operating expenses, including payroll. This Funding by Allied helped an aspiring business gain traction in a rapidly growing industry.

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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