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.