Helpful insights on good business practices, commercial loans, alternative forms of financing and planning your company’s future.
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.
Related Articles: 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 $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 $300,000 Start Up/Growth Capital Facility to New York 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: Client Satisfaction, Recent Fundings, Small Business, Success Story, Working Capital
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.
Related Articles: Allied Affiliated Funding Provides $500,000 in Start Up Financing to Texas Staffing Company, Allied Affiliated Funding Provides $1.5 Million Working Capital Facility to a Texas Manufacturing Company, 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 $300,000 Start Up/Growth Capital Facility to New York 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: Client Satisfaction, Recent Fundings, Small Business, Success Story, Working Capital
December 22, 2011
Date Funded: 12/20/11
Facility Amount: $750,000 plus an inventory based term loan and an overadvance facility.
The Company: This Wisconsin company assembles and sells pedicure spa chairs to various customers, including large beauty product distributors as well as boutique salons. Their parent company has been looking to sell this portion of their business.
The Issue: An existing Allied client found an opportunity with this Wisconsin company as it would allow them to expand their market share and enter into a new niche product line. The sale of the company included a foreclosure on the existing assets of the company and an asset purchase. To complete the sale, additional funds were needed over and above a factoring facility based on accounts receivable. Moreover, the transaction had a quick closing deadline, as the prior potential buyer was unable to consummate the sale. The deadline for closing was within two weeks of Allied receiving the initial package.
The Solution: Allied’s existing client, having worked with Joel Flig at Allied when they came on board, reached out to Joel for assistance and referred this company to him. Allied was able to provide a factoring facility and help bridge the shortfall in the purchase price by providing a short term note component based on inventory and an overadvance facility. The entire transaction was closed within just ten business days.
The Win: This “Funding by Allied” provided the financing necessary to complete this acquisition which will potentially allow the company and Allied’s existing client to enter into the beauty products packaging markets with national distributor channels and grow their respective businesses.
Related Articles: 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 $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 $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, Allied Affiliated Funding Provides $1,000,000 Working Capital Facility
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Tags: Acquisition Capital, News, Small Business, Success Story, 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 $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, Allied Affiliated Funding Provides $1,000,000 Working Capital Facility, Allied Affiliated Funding Provides $750,000 Growth Financing Facility
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Tags: Acquisition Capital, Recent Fundings, Small Business, Success Story, Working Capital
October 26, 2011
Allied Affiliated Funding is pleased to announce over $10.8 million in new fundings during the month of September through a portfolio acquisition in the Northeast. These newly acquired clients are located throughout the United States with a primary focus in the apparel and textile industries.
“This acquisition further strengthens Allied’s nationwide market presence and solidifies our role as a key player in the current consolidation of the factoring industry,” said Clay Tramel, Chief Executive Officer of Allied. “We welcome the addition of these new clients, and with our expertise and capital, we look forward to exploring future portfolio acquisitions as well.”
Allied is a nationwide commercial finance company specializing in providing working capital solutions for small- to medium-sized businesses through accounts receivable financing or factoring. For 19 years, Allied has provided working capital for commercial businesses with commercial accounts receivable with annual sales ranging from $1 million to $60 million and facility needs from $100,000 to $5 million. Allied targets a variety of industries including technology, oil field services, manufacturing, staffing, service companies, telecommunication, transportation, wholesalers and distributors, energy services/management and government contractors.
Allied is headquartered in Dallas, TX, with regional sales offices located in Alabama, Mississippi, Pennsylvania, and New York. For more information about our factoring services, please visit our Web site at www.FundingByAllied.com or call us at 1-877-404-9904.
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Comments: (0)
Tags: News, Success Story
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 $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, Allied Affiliated Funding Provides $750,000 Growth Financing Facility, Allied Affiliated Funding Provides $300,000 Working Capital Facility
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Tags: Recent Fundings, Small Business, Success Story, Working Capital
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
Related Articles: Our Clients Say it Best…, 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, A Great Financial Partnership with Allied Affiliated Funding, Another Satisfied Client of Allied Affiliated Funding – One Customer’s Experience, Allied Affiliated Funding Provides $750,000 in Acquisition Financing to Wisconsin Distributor , 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 $300,000 Start Up/Growth Capital Facility to New York Service Company
Comments: (0)
Tags: Client Satisfaction, Small Business, Success Story, Testimonial
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 $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, Allied Affiliated Funding Provides $1,000,000 Working Capital Facility, Allied Affiliated Funding Provides $750,000 Growth Financing 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 $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, Allied Affiliated Funding Provides $750,000 Growth Financing Facility, Allied Affiliated Funding Provides $300,000 Working Capital Facility
Comments: (0)
Tags: Recent Fundings, Small Business, Success Story, Working Capital
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
Related Articles: Our Clients Say It Best…, 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, A Great Financial Partnership with Allied Affiliated Funding, Another Satisfied Client of Allied Affiliated Funding – One Customer’s Experience, Allied Affiliated Funding Provides $750,000 in Acquisition Financing to Wisconsin Distributor , 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 $300,000 Start Up/Growth Capital Facility to New York Service Company
Comments: (0)
Tags: Client Satisfaction, Small Business, Success Story, Testimonial
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