Allied Affiliated Funding announced the following recently closed transactions:

• $1,00,000 accounts receivable facility to an economically disadvantaged woman-owned small business (EDWOSB) concern with business roots dating back to 1917. The company is a non-manufacturing contractor specializing in security and lock related products and services, with a diverse portfolio of offerings and specialization as a wholesaler distributor.  Although the company had previously done small projects for both businesses and individuals, they recently were approved to enter the government bid space and are now venturing into larger projects. This is where Allied was able to help. By helping facilitate the setup for the assignment of claims process with the company and providing the working capital needed to start these new jobs, the company can now seamlessly take on larger orders and expand and diversify their business offerings.

• $3,000,000 accounts receivable facility plus a $300,000 seasonal equipment revolving line of credit to a California based cold storage warehousing and fulfillment company for the wine industry. They are an affiliate of an existing client. With recent growth and in gearing up for their ‘crush’ season, they approached Allied to add on their warehouse entity to gain access to additional working capital. Allied was eager to help our existing client meet their growth needs quickly, setting up a line of credit in less than a week. The Funding By Allied enabled an existing client to have access to even more capital for their seasonal business and growth.