Facility Amount: $500,000
Date Funded: 7/16/10
The Company: A Rockwall, TX based company established in 2009 to initiate digital projection system installation and service contracts with exhibitors or their implementation partners. The company was established to address the growing need within the digital cinema industry for qualified, experienced and efficient provision of installation services.
The Issue: This start-up company needed working capital to grow and expand their services.
The Solution: A banker, unable to assist this company due to a lack of history, knew that Allied Affiliated Funding provides funding for start-up companies and referred the deal to Eli Gross.
The Win: By factoring with Allied Affiliated Funding, this start-up company now has the opportunity to obtain additional contracts and potentially double their monthly sales due to newly available working capital.
July 7, 2010
Facility Amount: $2,500,000
Date Funded: 7/2/10
The Company: A New Orleans based labor contractor specializing in marine work. The company has recently obtained new contracts to provide certified haz-mat workers to assist in the BP oil spill clean up in the Gulf of Mexico.
The Issue: With the unexpected surge in their business as a result of this disaster, the company needed working capital to accommodate their growth and to meet payroll.
The Solution: An independent broker referred the deal to Tanya Fontenot at Allied. Tanya was able to win the deal despite the company having a commitment from another financing source. Allied received the company’s signed proposal on Monday at 4:00 pm and then funded the company on Friday morning.
The Win: With the expedited funding provided by Allied, this company is now able to meet their weekly payroll and facilitate their unprecedented growth as a result of this crisis. Allied was able to fulfill our commitment to quickly assist businesses involved in the oil spill clean up process.
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Tags: Economic Impact, Recent Fundings, Small Business, Working Capital
