Allied announces the details of our first funding for February:
 
Facility Amount:  $300,000

The Company:  A minority-owned, start up, temporary staffing firm based out of Dallas, TX.  The owner is a seasoned professional with over 14 years of experience in the staffing industry, including accounting and finance, healthcare, engineering, and IT/telecommunications.  With his former employer, he was able to develop customer relationships in the telecom industry that resulted in tripling the company’s revenue base within five years.

The Challenge:   Last year, the telecom division of his former employer’s staffing business was closed.  He then decided to start his own staffing company catering to the telecom industry to continue the services offered to these customers.  His start up company needed working capital to get up and running.

The Solution:  A broker, knowing that Allied has the ability to fund start up companies (particularly those in the staffing industry), referred the client to Allied.

The Win:  With the funding provided by Allied, the company now has the operating capital they need to start and grow a successful staffing business, and they have secured a financial partner who is willing to grow with them.