Allied Affiliated Funding announced the following recently closed transaction:
 
A $7.5 million accounts receivable facility including a $1.2 million  real estate loan to an oil and gas servicing company that focuses on water and mud hauling. The company was previously financed through a bank factoring division. The company was acquired, and new management decided to also seek a new financing relationship that could provide the company more working capital. This new management team approached Allied needing more creative business cash flow solutions, including a larger line, a 90% advance rate, additional availability on previously excluded customers, and a $1.2 million real estate loan.
 
This funding by Allied provided financial relief through additional cash flow. It enabled the company to securely make their payroll, fund ongoing operating needs, and pay stretched vendor amounts, thereby restoring those relationships, along with providing even more working capital for growth.