Facility Amount:  $500,000

Date Funded:  8/31/10

The Company:  A metal fabricator of industrial plant equipment located in Alabama.

The Issue:  This manufacturing company had been factoring with another company for a number of years; however, due to recent management and procedural changes within that factoring company, their service level deteriorated significantly which prompted them to seek funding from an alternate factor.

The Solution:  A broker, familiar with this company and Allied’s excellent customer service program, referred them to Tanya Fontenot at Allied to provide a replacement facility.  In accordance with their factoring agreement, the company provided a 90 day termination notice to their existing factor, then moved their business to Allied. 

The Win:  With the funding provided by Allied, this company can now meet their working capital needs without the frustration of having to contend with unsatisfactory service level conditions.  They now have the assurance of the quality standards and service excellence consistently adhered to by Allied.