Date Funded:  9/7/2011

Facility Amount:  $750,000

The Company:  Started in 2006, this New York based company is a wholesaler and distributor of seasonal decorations.  The company sells to big box stores as well as to smaller retailers.

The Issue:  The company had an existing factoring facility in place. However, with their new orders combined with the company’s seasonal growth fluctuations, their current financing provider could not meet their working capital needs.  

The Solution:  The company was referred to Allied through a local bank relationship.  Allied was able to fund the company quickly, paying off the existing factoring facility and providing sufficient capital for the company to meet its seasonal demand and growth needs.

The Win:  This “Funding by Allied” will not only enable the company to meet its existing obligations, but it will also enable them to accept more orders for the holiday seasons. 

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