Helpful insights on good business practices, commercial loans, alternative forms of financing and planning your company’s future.
November 28, 2011
Date Funded: 9/22/11
Facility Amount: $5,000,000 with a $500,000 purchase order sub-line
The Company: This West Coast company manufactures fine men’s clothing under their signature label as well as private label for some of their customers.
The Issue: The company had received large orders from some of their existing customers, creating concentration concerns and availability limitations. Their current factoring company was not able to provide sufficient credit for the company to take on this additional business.
The Solution: The company was referred to Allied, and Allied was quickly able to evaluate the risk and provide a factoring facility allowing the company to continue to grow, while also providing financing for their other customer needs. To help with this growth and the company’s working capital needs, Allied also provided a $500,000 purchase order facility.
The Win: This “Funding by Allied” allowed the company to continue to grow their business while maintaining strong customer relationships.
Related Articles: Allied Affiliated Funding Provides $1,000,000 in Growth Financing to Staffing Company, Allied Affiliated Funding Provides $250,000 in Growth Financing to Texas Service Company, Allied Affiliated Funding Provides $1,000,000 in Working Capital Financing to Manufacturing Company, Allied Affiliated Funding Provides $1,000,000 in Growth Financing to Technology Company, Allied Affiliated Funding Provides $500,000 in Start Up Financing to Texas Staffing Company, Allied Affiliated Funding Closes First Factoring/ABL Transaction of 2012, Allied Affiliated Funding Provides $500,000 in Working Capital to Northeast Manufacturer, Allied Affiliated Funding Provides $2,500,000 Working Capital Facility to Northeast Based Service Company , Allied Affiliated Funding Provides $3,000,000 Growth Capital Facility to North Atlantic Packaging and Fulfillment Services Company, Allied Affiliated Funding Provides $4,000,000 Growth Capital Facility to New York Wholesaler
Comments: (0)
Tags: Recent Fundings, Small Business, Working Capital
November 17, 2011
 Date Funded: 11/16/11
Facility Amount: $2,500,000
The Company: This Northeast based service company is a producer of personalized direct mail and marketing materials (i.e., magazine subscription renewals, credit card solicitations, etc.) for companies and large organizations.
The Issue: After an acquisition in 2010, the company faced operational and financial challenges. Management performed a strategic review of the business, which included elimination of the low margin customers, closing facilities and reducing overhead, while identifying methods to improve efficiencies in the business. Unfortunately, the financial burden was too great and the company began seeking other options, one of which included selling the business.
The Solution: Allied was able to provide acquisition financing allowing the company to be sold through an asset purchase arrangement. The management team and workforce remained intact under the leadership of a new, industry experienced owner. Allied had an opportunity to enter into this transaction because of Joel Flig’s long term relationship with the referral entity and managing member. Flig was introduced on behalf of Allied, and then Allied’s Deal Team worked diligently, coordinating with seven different parties and at least nine different attorneys, to orchestrate the timely funding of this transaction.
The Win: This “Funding by Allied” will provide the company the working capital they need to meet the demands of their business. With this new funding, new management and a new capital and debt structure, the business is expected to become profitable again in 2012.
Related Articles: Allied Affiliated Funding Provides $1,000,000 Growth Capital Facility to Illinois Manufacturing Company, Allied Affiliated Funding Provides $1,000,000 in Growth Financing to Staffing Company, Allied Affiliated Funding Provides $1,000,000 in Growth Financing to Technology Company, Allied Affiliated Funding Provides $500,000 in Start Up Financing to Texas Staffing Company, Allied Affiliated Funding Closes First Factoring/ABL Transaction of 2012, Allied Affiliated Funding Provides $750,000 in Acquisition Financing to Wisconsin Distributor , Allied Affiliated Funding Provides $4,000,000 Growth Capital Facility to New York Wholesaler , Allied Affiliated Funding Provides $250,000 Working Capital Facility to Texas Distribution Company, Allied Affiliated Funding Provides $500,000 Working Capital Facility to Texas Service Company, Allied Affiliated Funding Provides $500,000 Working Capital Facility
Comments: (0)
Tags: Acquisition Capital, Recent Fundings, Small Business, Success Story, Working Capital
November 4, 2011
Date Funded: 9/29/11
Facility Amount: $3,000,000
The Company: Started in 1985, this North Atlantic based company offers packaging and fulfillment services to large retailers and cosmetics companies located throughout the United States.
The Issue: The company received a large order from one of their existing customers, creating a concentration concern for their existing financing source. Due to this customer concentration, their current factoring company was not able to provide sufficient credit for the company to take on this new business.
The Solution: Allied was successfully able to evaluate the risk and provide a facility that would not only allow the company to accept this large order, but also provide financing for all of their other customer needs.
The Win: This “Funding by Allied” allowed the company to continue growing their business while maintaining strong customer relationships.
Related Articles: Allied Affiliated Funding Provides $1,000,000 in Growth Financing to Staffing Company, Allied Affiliated Funding Provides $250,000 in Growth Financing to Texas Service Company, Allied Affiliated Funding Provides $1,000,000 in Working Capital Financing to Manufacturing Company, Allied Affiliated Funding Provides $1,000,000 in Growth Financing to Technology Company, Allied Affiliated Funding Provides $500,000 in Start Up Financing to Texas Staffing Company, Allied Affiliated Funding Closes First Factoring/ABL Transaction of 2012, Allied Affiliated Funding Provides $500,000 in Working Capital to Northeast Manufacturer, Allied Affiliated Funding Provides $5,000,000 Working Capital/Growth Facility to West Coast Manufacturer , Allied Affiliated Funding Provides $2,500,000 Working Capital Facility to Northeast Based Service Company , Allied Affiliated Funding Provides $4,000,000 Growth Capital Facility to New York Wholesaler
Comments: (0)
Tags: Recent Fundings, Small Business, Working Capital
|
