“We feel very lucky to have such a pro-active account manager [Cathy Rhome]. She makes growing our business that much easier and having a partner like Allied is great comfort.”
CFO, IT Consulting & Staffing Company
Austin, TX
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Our Clients Say It Best…
April 6, 2012Allied Affiliated Funding Provides $500,000 in Start Up Financing to Texas Staffing Company
January 11, 2012
Date Funded: 1/10/12
Facility Amount: $500,000
The Company: This staffing company was incorporated in 2010 and just recently began official business activity via their contract with a large government contractor for the Department of Defense. This company provides the labor to handle the maintenance, repair, overhaul or upgrade of key air, land and marine equipment.
The Issue: This company needed start-up capital in order to fulfill their contract, meet payroll, and grow their business. The company was not eligible for a bank line of credit due to being a start-up and having a single account concentration.
The Solution: This client was referred to Allied by an existing Allied client. Factoring was the perfect financing solution for this company since they are a start-up and do not yet have any solid financial history. In addition, Allied was able to work with the single account concentration.
The Win: This “Funding by Allied” will enable the company to easily meet their payroll and grow their business, all while building a proven financial track record in hopes of eventually qualifying for a bank line of credit.
Allied Affiliated Funding Closes First Factoring/ABL Transaction of 2012
January 9, 2012
Date Funded: 1/6/12
Facility Amount: $5,500,000, including a $1.5M inventory line of credit and a $500K purchase order facility
The Company: This is a privately held corporation based in California that has been in the business of wholesaling health and beauty aid cotton products since 1994.
The Issue: This company is a returning Allied client that originally factored with Allied from 2006 through 2010. They left Allied in 2010 when they obtained a traditional bank line of credit. However, they discovered within a year that factoring was a better fit for their business due to Allied’s more flexible financing structure and entrepreneurial spirit. Allied’s financing does not require any restrictive financial covenants.
The Solution: This client reapproached Allied for financing. In addition to a factoring facility, Allied also provided a $1.5M inventory line of credit and a $500K purchase order facility. Allied’s strong customer service levels, broadened asset based product offerings and flexible financing options encouraged this company to return.
The Win: This “Funding by Allied” will provide the company sufficient working capital to meet their budgeted growth for 2012 while offering less stringent, more flexible terms.
Allied Affiliated Funding Provides $300,000 Start Up/Growth Capital Facility to New York Service Company
September 7, 2011
Date Funded: 9/6/11
Facility Amount: $300,000
The Company: Founded in 2008, this New York based company is the exclusive provider and installer of escalator handrail advertising in the United States. Their product is a non-permanent, patented film applied to an existing escalator handrail using their patented applicator process which allows for advertisements, branding and awareness campaigns to be placed on the handrails of escalators and moving walkways. This company is partnered with the world’s leading escalator handrail manufacturer and provider.
The Issue: Although initially slow to start, the company has recently obtained a tremendous amount of interest from numerous airports to procure this style of advertising. Since they are the exclusive provider of this product/service in the United States, they are growing now at a very rapid speed and need help with cash flow.
The Solution: A banker in New York at one of our referral banks who was familiar with Allied and our referral relationship with the bank, referred this prospect to Tanya Fontenot at Allied. Because the company is essentially a start up with no real financial history for the bank to consider, the bank was unable to provide funding. However, Allied was quickly able to provide a start up/growth capital factoring facility for this company.
The Win: This “Funding by Allied” will not only enable the company to stay current on fees with their licensee/partner, but it will also enable them to bid on more jobs so they can grow their business.
Our Clients Say It Best…
June 16, 2011
“As you know, our confidence is driven by the type of service you provide. After all, you guys and gals have a first class operation that deserves the business. You know we try to make your job easier (except when we negotiate, regardless of how fair we are), but you must know that we’re aware that it takes two to tango, and your team members are a heck of a dancing bunch!”
President, Manufacturing Company
Chicago, IL
Our Clients Say it Best…
April 26, 2011
“We truly appreciate your support over the past year, and it has truly been a pleasure to work with your team, especially Cheryl and Kate who did a great job handling our occasional crises. Your program has been instrumental in helping our company grow and in re-establishing its internal liquidity. Operationally flawless, and highly flexible – we will have no hesitation recommending you to others.”
CFO, Marketing Solutions Company
Port Chester, NY
Allied Affiliated Funding Provides $1.5 Million Working Capital Facility to a Texas Manufacturing Company
February 22, 2011
Date Funded: 2/17/11
Facility Amount: $1,500,000
The Company: This Texas based manufacturing company specializes in machine fabrication for the oil & gas industry, mining industry, and various heavy machinery industries.
The Issue: The company had a difficult year in 2010 due to the economy and decreasing orders, but has recently seen a major turnaround. Not only are their current customers starting to place orders again, but they are also receiving extra orders due to a new, state-of-the-art machine they purchased from overseas.
The Solution: When their accounts payable situation became stretched due to a sales decrease in 2010 along with their customers’ increased pay cycle, this former client came back to Allied for funding. These issues, along with the expected growth due to the new machine’s capabilities, encouraged the owner to return to Allied for factoring services.
The Win: Factoring with Allied will allow the company to satisfy many of their vendors, thereby improving their accounts payable status and cash flow.
Allied Affiliated Funding’s 2010 Client Satisfaction Survey Results Are In!
October 14, 2010
Allied Affiliated Funding does more than offer creative factoring solutions to clients needing a quick infusion of working capital. We offer results. That’s why our clients continue to give us some of the highest marks in the factoring industry. In fact, an unprecedented 100% of our clients surveyed in 2010 said they would be likely to recommend Allied to a friend or colleague. Best of all, Allied achieved an overall client satisfaction rating of 97%, up from 95% last year.
As part of our ongoing quality control process, we routinely solicit feedback from our clients through annual client satisfaction surveys administered through an independent, third party web-based service. We then report back to our clients on feedback received and changes we have implemented to improve our service.
Allied is working hard to continue to be the factoring company of choice. Our goal is to consistently provide an unparalleled level of customer service and quality assurance to our clients and referral sources alike. We are committed to not only meet, but to exceed service expectations and offer a unique funding solution.
The following table illustrates Allied’s success in achieving overall client satisfaction in three critical areas from our most recent Client Satisfaction Survey completed in August/September 2010:
Though factoring relationships can often be short-term, Allied strives to create lasting customer relationships. It is our goal to position a client to improve their business to the point where they will qualify for traditional bank financing.
One of the primary goals for Allied Affiliated Funding in every relationship is, and always will be, Helping Business Owners Succeed.
