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October 3, 2011
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.
Related Articles: 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 $2,500,000 Working Capital Facility to Northeast Based Service Company , Allied Affiliated Funding Provides $1,000,000 Growth Capital Facility to Illinois Manufacturing Company, 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, Allied Affiliated Funding Provides $1,000,000 Working Capital Facility
Comments: (0)
Tags: Recent Fundings, Small Business, Success Story, Working Capital
September 7, 2011
Date Funded: 9/7/2011
Facility Amount: $750,000
The Company: Started in 2006, this New York based company is a wholesaler and distributor of seasonal decorations. The company sells to big box stores as well as to smaller retailers.
The Issue: The company had an existing factoring facility in place. However, with their new orders combined with the company’s seasonal growth fluctuations, their current financing provider could not meet their working capital needs.
The Solution: The company was referred to Allied through a local bank relationship. Allied was able to fund the company quickly, paying off the existing factoring facility and providing sufficient capital for the company to meet its seasonal demand and growth needs.
The Win: This “Funding by Allied” will not only enable the company to meet its existing obligations, but it will also enable them to accept more orders for the holiday seasons.
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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 $3,000,000 Growth Capital Facility to North Atlantic Packaging and Fulfillment Services Company
Comments: (0)
Tags: Recent Fundings, Small Business, Working Capital
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.
Related Articles: 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 $1.5 Million Working Capital Facility to a Texas Manufacturing Company, 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 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
Comments: (0)
Tags: Client Satisfaction, Recent Fundings, Small Business, Working Capital
June 14, 2011
Date Funded: 6/7/11
Facility Amount: $1,000,000
The Company: This company is an Illinois based manufacturer that prepares, blends and packages dry ingredients such as powdered milk, pancake mix, nutritional supplements, etc. They can source, blend, pouch, or kit and assemble the customized requests of their client base.
The Issue: The principal of one of Allied’s existing clients approached Allied with a request for acquisition financing with the intention of acquiring then factoring the receivables of this company that operates in a similar industry.
The Solution: The existing client contacted Joel Flig at Allied, and due to this client’s own favorable history with Allied, we were quickly able to assist with the client’s request to provide the funding necessary to acquire the business.
The Win: This “Funding by Allied” will not only provide the growth/acquisition capital needed by one of our existing clients to acquire the business, but it will also provide the funding to grow and expand the company following the acquisition.
Related Articles: Allied Affiliated Funding Provides $2,500,000 Working Capital Facility to Northeast Based Service 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
May 10, 2011
Date Funded: 5/6/11
Facility Amount: $250,000
The Company: This company is a Dallas, TX based wholesale distributor of women’s and children’s accessories.
The Issue: This company’s somewhat seasonal business was previously financed for over a decade by another factoring company. When this factor was ultimately bought out by a bank, this change inadvertently impacted the client relationship and the service levels the company had come to rely on with their long term factor.
The Solution: The company sought out a new factoring facility with Allied in hopes of building and maintaining a new, long standing and service-friendly relationship. The bank referred the client to Eli Gross, and Allied was quickly able to establish a $250,000 working capital facility. This client returned their signed proposal letter on 4/29 stating they wanted to fund the first week of May. Allied funded on Friday, 5/6, less than one week from receiving the letter and well within the client’s short requested timeframe.
The Win: This “Funding by Allied” will provide the company the working capital they need for their business and the quality customer service they were striving to achieve with a new factor and long term financial partner.
Related Articles: 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 $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 , Allied Affiliated Funding Provides $1,000,000 Growth Capital Facility to Illinois Manufacturing Company, Allied Affiliated Funding Provides $500,000 Working Capital Facility to Texas Service Company, Allied Affiliated Funding Provides $500,000 Working Capital Facility, Allied Affiliated Funding Provides $1,000,000 Working Capital Facility
Comments: (0)
Tags: Recent Fundings, Small Business, Success Story, Working Capital
April 22, 2011
Date Funded: 4/18/11
Facility Amount: $500,000
The Company: This Texas company is a subcontractor that provides labor to a large corporation for governmental projects in the Middle East. This company provides labor work which may involve any of the following services: warehousing, mechanics, security personnel, administrative support, programmers, electricians, welders, welder fitters, hydraulic specialists, pipe fitters, painters, postal workers, or simply general laborers.
The Issue: Over the last year, this company experienced numerous opportunities to be awarded large contracts. The primary obstacle they faced was that their potential customers wanted to be assured they had some sort of financial source for working capital in place in order to service their contracts efficiently. Newly incorporated in February 2010, the company encountered difficulties obtaining a traditional bank line and therefore, approached Allied.
The Solution: This service company was referred to Eli Gross by another prospect company, and Allied was able to provide a $500,000 credit facility and become the working capital source this company needed.
The Win: This “Funding by Allied” will increase the customers’ comfort level with the company, thereby allowing the business to grow through an increase in both the number and size of contracts received.
Related Articles: 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 $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 , Allied Affiliated Funding Provides $1,000,000 Growth Capital Facility to Illinois Manufacturing Company, Allied Affiliated Funding Provides $250,000 Working Capital Facility to Texas Distribution Company, Allied Affiliated Funding Provides $500,000 Working Capital Facility, Allied Affiliated Funding Provides $1,000,000 Working Capital Facility
Comments: (0)
Tags: Recent Fundings, Small Business, Success Story, Working Capital
April 20, 2011
Date Funded: 4/18/11
Facility Amount: $500,000
The Company: This Pennsylvania company is a telecommunications contractor that has been in business since 1986. Services include Aerial Construction, Pole Placements, Underground Construction, Directional Drilling, Fiber Optic Placement, Fiber Splicing/Proofing, and Coax Splicing. Although this account has a few construction aspects, the company only bills for completed jobs and does not experience any of the progressive billing or retainage elements of this challenging industry, making it a great fit for Allied.
The Issue: The company had outgrown their existing bank line of credit and needed working capital to help offset their accounts payable situation which had been created by 50 day payment trends from their primary customer.
The Solution: This telecom company was referred to Joel Flig by one of Allied’s referral partners, and Allied was quickly able to establish a $500,000 working capital facility.
The Win: This “Funding by Allied” will provide some breathing room for this company and will allow them to clean up their stretched accounts payable caused by their primary customer’s longer payment trends. It will also provide them enough cash flow to meet their working capital obligations, as their bank line of credit was insufficient for their current needs.
Related Articles: 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 $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 , Allied Affiliated Funding Provides $1,000,000 Growth Capital Facility to Illinois Manufacturing Company, 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 $1,000,000 Working Capital Facility
Comments: (0)
Tags: Recent Fundings, Small Business, Success Story, Working Capital
April 13, 2011
Date Funded: 4/7/11
Facility Amount: $1,000,000
The Company: This Texas company is the premier manufacturer of Industrial / Hydraulic Electro-Magnetic Clutches.
The Issue: Although the legal entity formed in late 2010 and is technically a start-up, the company’s history actually dates back to 1954. This company was once part of a larger corporation that produced four parts for the automotive industry. This corporation decided to focus on the expansion of the other three divisions and sold the clutch sector of the business. The new company, with new ownership and a sole focus on clutch production, significantly underestimated their sales volume for 2011 which caused a cash crunch.
The Solution: This manufacturing company was referred to Tanya Fontenot by a banker from one of Allied’s referral bank partners, and Allied was quickly able to establish a $1,000,000 working capital facility.
The Win: This “Funding by Allied” will alleviate the company’s cash crunch due to their underestimated sales projections and will allow for the rapid growth of the business.
Related Articles: 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 $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 , Allied Affiliated Funding Provides $1,000,000 Growth Capital Facility to Illinois Manufacturing Company, 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: Recent Fundings, Small Business, Success Story, Working Capital
April 5, 2011
Date Funded: 4/1/11
Facility Amount: $750,000
The Company: This Texas company provides painting services for aircraft and industrial equipment. Their painting facility was specifically customized for art paint and serves as an interior center for new and refurbished aircraft. While planes are undergoing work, the company can also have inspections, sheet metal work, and other avionic services completed on-site.
The Issue: As a start up entity, this service company was seeking growth capital to accept new orders and offer terms to larger customers to further build the business.
The Solution: The company was referred to Eli Gross by a broker, and Allied was very quickly able to establish a $750,000 growth financing facility. Allied received the signed proposal letter on March 28th and was able to fund on April 1st.
The Win: This “Funding by Allied” will allow the company to offer terms to their customers, enabling them to focus on growing their business by signing larger customers.
Related Articles: 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 $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 , Allied Affiliated Funding Provides $1,000,000 Growth Capital Facility to Illinois Manufacturing Company, 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: Recent Fundings, Small Business, Success Story, Working Capital
March 18, 2011
Date Funded: 3/17/11
Facility Amount: $300,000
The Company: This service company, headquarted in Florida, provides personnel to conduct full-service inspections and consultation to various Energy and Industrial markets such as nuclear power plants.
The Issue: Incorporated in late 2009, this company is still fairly new. To obtain access to larger contracts, the company was seeking a working capital facility to finance their recent growth and the addition of two offices in Pennsylvania and Minnesota.
The Solution: This company was referred o Joel Flig by one of Allied’s referral partners, and Allied was quickly able to establish a $300,000 working capital facility.
The Win: Allied was able to assist this growing company by providing a timely funding to meet their working capital needs. This “Funding By Allied” will ultimately allow the company to secure larger contracts and focus on building their business.
Related Articles: 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 $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 , Allied Affiliated Funding Provides $1,000,000 Growth Capital Facility to Illinois Manufacturing Company, 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: Recent Fundings, Small Business, Success Story, Working Capital
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