Date Funded:  1/27/11

Facility Amount:  $5,000,000

The Company:  This Fort Worth based telecom company is a wholesale enhanced voice service provider serving most of North America.

The Issue: This company was funded by a bank and suffered losses in 2010 due to capital expenditure improvements that were necessary to take on additional business.  Because of the losses, the company needed to find an alternative financing source.

The Solution:  A business associate referred the company directly to Clay Tramel, CEO.  Allied was quickly able to establish a $5,000,000 credit facility for this company which will now be factoring approximately 85% of their receivables.  Allied was able to transition the company to a factoring facility until they can return to a more traditional bank facility.

The Win:   Allied was able to assist by not only providing a timely funding for this company, but also by providing a $350,000 term loan that softened the company’s transition from the existing financing source to Allied.