Date Funded:  5/6/11

Facility Amount:  $250,000

The Company:  This company is a Dallas, TX based wholesale distributor of women’s and children’s accessories. 

The Issue:  This company’s somewhat seasonal business was previously financed for over a decade by another factoring company.  When this factor was ultimately bought out by a bank, this change inadvertently impacted the client relationship and the service levels the company had come to rely on with their long term factor. 

The Solution:  The company sought out a new factoring facility with Allied in hopes of building and maintaining a new, long standing and service-friendly relationship.  The bank referred the client to Eli Gross, and Allied was quickly able to establish a $250,000 working capital facility.  This client returned their signed proposal letter on 4/29 stating they wanted to fund the first week of May.  Allied funded on Friday, 5/6, less than one week from receiving the letter and well within the client’s short requested timeframe.  

The Win:  This “Funding by Allied” will provide the company the working capital they need for their business and the quality customer service they were striving to achieve with a new factor and long term financial partner.