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.