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.