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.