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Helpful insights on good business practices, commercial loans, alternative forms of financing and planning your company’s future.
Our Clients Say it Best…April 26, 2011
“We truly appreciate your support over the past year, and it has truly been a pleasure to work with your team, especially Cheryl and Kate who did a great job handling our occasional crises. Your program has been instrumental in helping our company grow and in re-establishing its internal liquidity. Operationally flawless, and highly flexible – we will have no hesitation recommending you to others.” CFO, Marketing Solutions Company Allied Affiliated Funding Provides $500,000 Working Capital Facility to Texas Service CompanyApril 22, 2011
Date Funded: 4/18/11 Facility Amount: $500,000 The Company: This Texas company is a subcontractor that provides labor to a large corporation for governmental projects in the Middle East. This company provides labor work which may involve any of the following services: warehousing, mechanics, security personnel, administrative support, programmers, electricians, welders, welder fitters, hydraulic specialists, pipe fitters, painters, postal workers, or simply general laborers. The Issue: Over the last year, this company experienced numerous opportunities to be awarded large contracts. The primary obstacle they faced was that their potential customers wanted to be assured they had some sort of financial source for working capital in place in order to service their contracts efficiently. Newly incorporated in February 2010, the company encountered difficulties obtaining a traditional bank line and therefore, approached Allied. The Solution: This service company was referred to Eli Gross by another prospect company, and Allied was able to provide a $500,000 credit facility and become the working capital source this company needed. The Win: This “Funding by Allied” will increase the customers’ comfort level with the company, thereby allowing the business to grow through an increase in both the number and size of contracts received. Allied Affiliated Funding Provides $500,000 Working Capital FacilityApril 20, 2011
Date Funded: 4/18/11 Facility Amount: $500,000 The Company: This Pennsylvania company is a telecommunications contractor that has been in business since 1986. Services include Aerial Construction, Pole Placements, Underground Construction, Directional Drilling, Fiber Optic Placement, Fiber Splicing/Proofing, and Coax Splicing. Although this account has a few construction aspects, the company only bills for completed jobs and does not experience any of the progressive billing or retainage elements of this challenging industry, making it a great fit for Allied. The Issue: The company had outgrown their existing bank line of credit and needed working capital to help offset their accounts payable situation which had been created by 50 day payment trends from their primary customer. The Solution: This telecom company was referred to Joel Flig by one of Allied’s referral partners, and Allied was quickly able to establish a $500,000 working capital facility. The Win: This “Funding by Allied” will provide some breathing room for this company and will allow them to clean up their stretched accounts payable caused by their primary customer’s longer payment trends. It will also provide them enough cash flow to meet their working capital obligations, as their bank line of credit was insufficient for their current needs. Allied Affiliated Funding Provides $1,000,000 Working Capital FacilityApril 13, 2011
Date Funded: 4/7/11 Facility Amount: $1,000,000 The Company: This Texas company is the premier manufacturer of Industrial / Hydraulic Electro-Magnetic Clutches. The Issue: Although the legal entity formed in late 2010 and is technically a start-up, the company’s history actually dates back to 1954. This company was once part of a larger corporation that produced four parts for the automotive industry. This corporation decided to focus on the expansion of the other three divisions and sold the clutch sector of the business. The new company, with new ownership and a sole focus on clutch production, significantly underestimated their sales volume for 2011 which caused a cash crunch. The Solution: This manufacturing company was referred to Tanya Fontenot by a banker from one of Allied’s referral bank partners, and Allied was quickly able to establish a $1,000,000 working capital facility. The Win: This “Funding by Allied” will alleviate the company’s cash crunch due to their underestimated sales projections and will allow for the rapid growth of the business. Allied Affiliated Funding Supports The Finance Forum Annual Charity Golf TournamentApril 5, 2011
The Finance Forum will hold its Annual Charity Golf Tournament for the benefit of the 1st Cavalry Division Association Scholarship Fund on Monday, April 18, 2011 at Brookhaven Country Club. These scholarships are reserved for children of soldiers in the 1st Cavalry Division stationed at Fort Hood, Texas who died, or who were permanently disabled, as a result of wounds received or disease contracted while serving our country. The 1st Cavalry Division (“First Team”) is one of the most famous and most decorated combat divisions of the United States Army. Today, it is a rapidly deployable heavy armored division with over 16,000 soldiers serving in four separate combat brigades all over the world. In 2010, The Finance Forum was able to give $16,000 to 1st Cavalry, and the goal for this year is $25,000. Every $1,300 raised means another scholarship for another child. To lend our support and to help enable the families of those who have sacrificed to realize the American dream of higher education, Allied will be donating to this cause in addition to being a hole sponsor again this year. Members of the Allied team will also be volunteering at the tournament. To find out more about the golf tournament or to learn how to participate or make a donation, please visit http://www.thefinanceforum.com. Allied Affiliated Funding Provides $750,000 Growth Financing FacilityApril 5, 2011
Date Funded: 4/1/11 Facility Amount: $750,000 The Company: This Texas company provides painting services for aircraft and industrial equipment. Their painting facility was specifically customized for art paint and serves as an interior center for new and refurbished aircraft. While planes are undergoing work, the company can also have inspections, sheet metal work, and other avionic services completed on-site. The Issue: As a start up entity, this service company was seeking growth capital to accept new orders and offer terms to larger customers to further build the business. The Solution: The company was referred to Eli Gross by a broker, and Allied was very quickly able to establish a $750,000 growth financing facility. Allied received the signed proposal letter on March 28th and was able to fund on April 1st. The Win: This “Funding by Allied” will allow the company to offer terms to their customers, enabling them to focus on growing their business by signing larger customers. |
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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 |
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