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November 28, 2011
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.
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 $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, Allied Affiliated Funding Provides $4,000,000 Growth Capital Facility to New York Wholesaler
Comments: (0)
Tags: Recent Fundings, Small Business, 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 $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
November 4, 2011
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.
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 $4,000,000 Growth Capital Facility to New York Wholesaler
Comments: (0)
Tags: Recent Fundings, Small Business, Working Capital
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
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