Date Funded:  10/3/11

Facility Amount:  $4,000,000

The Company:  This New York based company is a wholesaler of children’s sleepwear and hosiery. 

The Issue:  The company experiences seasonal fluctuations in their industry, resulting in a larger credit need during certain times of the year.  Their current factoring company was unable to provide sufficient credit for some of these customers due to concentration concerns.  Because of this, the company was faced with having to turn away new business from their existing customers.

The Solution:  The company was introduced to Allied, and Allied was quickly able to credit qualify the customers and the credit amounts needed.  To help facilitate additional orders and improve the company’s working capital, Allied was also able to provide the company a seasonal purchase order facility.

The Win:  This “Funding by Allied” allowed the company to meet their customers’ demands while also creating additional capital to accept new orders and grow their business.