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Allied Announces Fifth Funding for March

March 16, 2010

Facility Amount:  $500,000

Date Funded: 3/16/10

The Company:  This Texas company provides advanced process and technology consulting services and software development focused on manufacturing optimization engagements. 

The Issue:  The company was originally incorporated in 1999, and later re-launched in June 2009. The company has self-financed through their re-launch period; however, with their recent growth combined with their customers’ 60-day payment terms, the company needed a credit facility to meet their working capital needs.  
The Solution:  This company was referred to Eli Gross at Allied by a banker, and we were able to quickly provide a working capital/growth financing facility to meet their needs.

The Win:  This “Funding by Allied” allows the company to continue to grow their business while alleviating some of the stress and pressure associated with meeting operating expenses and other financial obligations.

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Allied Announces Two New Fundings for Local Staffing Companies

March 11, 2010

First Funding:

Facility Amount: $100,000

Date Funded: 3/11/10

Second Funding:

Facility Amount: $2,000,000

Date Funded: 3/12/10

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Related Articles: Allied Affiliated Funding Provides $500,000 in Start Up Financing to Texas Staffing Company, Allied Affiliated Funding Closes First Factoring/ABL Transaction of 2012, Allied Affiliated Funding Provides $500,000 in Working Capital to Northeast Manufacturer, Allied Affiliated Funding Provides $5,000,000 Working Capital/Growth Facility to West Coast Manufacturer , Allied Affiliated Funding Provides $2,500,000 Working Capital Facility to Northeast Based Service Company , Allied Affiliated Funding Provides $3,000,000 Growth Capital Facility to North Atlantic Packaging and Fulfillment Services Company, Allied Affiliated Funding Provides $4,000,000 Growth Capital Facility to New York Wholesaler , Allied Affiliated Funding Provides $750,000 Growth Capital Facility to New York Wholesaler and Distributor, Allied Affiliated Funding Provides $300,000 Start Up/Growth Capital Facility to New York Service Company, Allied Affiliated Funding Provides $1,000,000 Growth Capital Facility to Illinois Manufacturing Company

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Allied Annouces Second Funding for March

March 5, 2010

Facility Amount: $350,000

Date Funded: 3/5/10

The Company:  An industrial cleaning service for plants and refinery equipment located in Pasadena, TX. The company’s customers need their equipment cleaned when changing out the products they are processing through the lines (i.e., powder products then liquid soap products).

The Issue: The company recently received additional growth opportunities with their customer base which exceeded the availability under their bank line of credit.

The Solution: A broker in Houston referred the company to Allied. We were able to offer them a larger credit line with more flexibility to accommodate their impending growth.

The Win: The funding provided by Allied allows the company to take on additional contracts, enabling them to continue to grow their business.

Related Articles: Allied Affiliated Funding Provides $500,000 in Start Up Financing to Texas Staffing Company, Allied Affiliated Funding Closes First Factoring/ABL Transaction of 2012, Allied Affiliated Funding Provides $500,000 in Working Capital to Northeast Manufacturer, Allied Affiliated Funding Provides $5,000,000 Working Capital/Growth Facility to West Coast Manufacturer , Allied Affiliated Funding Provides $2,500,000 Working Capital Facility to Northeast Based Service Company , Allied Affiliated Funding Provides $3,000,000 Growth Capital Facility to North Atlantic Packaging and Fulfillment Services Company, Allied Affiliated Funding Provides $4,000,000 Growth Capital Facility to New York Wholesaler , Allied Affiliated Funding Provides $750,000 Growth Capital Facility to New York Wholesaler and Distributor, Allied Affiliated Funding Provides $300,000 Start Up/Growth Capital Facility to New York Service Company, Allied Affiliated Funding Provides $1,000,000 Growth Capital Facility to Illinois Manufacturing Company

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Allied Annouces First Funding For March

March 3, 2010

Facility Amount: $3,000,000

Date Funded: 3/3/10

The Company: A fulfillment facility for household, personal care, health and beauty aid products located in Chicago, IL. The owners and management team purchased the company over a year ago with venture capital and a factoring facility. Approximately 80% of the company’s business is concentrated with two customers.

The Issue:  As the company has continued to grow, they exceeded their funding capacity under their current factoring relationship and consequently, were looking for a new funding partner who could accept the debtor concentrations and would be willing to grow with them.

The Solution: This company came directly to Allied through Joel Flig. We were able to offer them a larger credit line with higher limits for their account debtors. The company terminated their existing factoring relationship and paid the necessary penalties to move their business to Allied.

The Win: With the funding provided by Allied, the company now has the additional working capital they need to better operate and manage their business needs.

Related Articles: Allied Affiliated Funding Provides $500,000 in Start Up Financing to Texas Staffing Company, Allied Affiliated Funding Closes First Factoring/ABL Transaction of 2012, Allied Affiliated Funding Provides $500,000 in Working Capital to Northeast Manufacturer, Allied Affiliated Funding Provides $5,000,000 Working Capital/Growth Facility to West Coast Manufacturer , Allied Affiliated Funding Provides $2,500,000 Working Capital Facility to Northeast Based Service Company , Allied Affiliated Funding Provides $3,000,000 Growth Capital Facility to North Atlantic Packaging and Fulfillment Services Company, Allied Affiliated Funding Provides $4,000,000 Growth Capital Facility to New York Wholesaler , Allied Affiliated Funding Provides $750,000 Growth Capital Facility to New York Wholesaler and Distributor, Allied Affiliated Funding Provides $300,000 Start Up/Growth Capital Facility to New York Service Company, Allied Affiliated Funding Provides $1,000,000 Growth Capital Facility to Illinois Manufacturing Company

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Allied Affiliated Funding
Corporate Headquarters
5151 Beltline Road, Suite 500
Dallas, TX 75254

Tel: 972-776-5300
Fax: 972-404-9955