Allied Affiliated Funding, a division of Axiom Bank, N.A. announced the following recently closed transactions:

• $500,000 in Receivables Financing to a Texas-based company that provides staffing services, primarily to the oil and gas industry. To help start their business and take on new customers and orders, this staffing company needed a working capital line to be able to meet payroll while waiting for their customers to pay. After not being able to obtain financing through another lender they were familiar with already, the company was referred to Allied to help them set up a new factoring facility quickly, so the owners could meet payroll. This Funding By Allied helped these new business owners start their first business, becoming entrepreneurs. They were able to accept orders with new customers and launch their business.

• $150,000 in Receivables Financing to a Texas-based company that provides steel fabrication, including sheet metal bending, laser cutting and plastic injection/heat molding for manufacturing companies. To continue growing with their customers and new orders, this steel company needed a working capital line to be able to take on larger orders and help gradually grow. The company was referred to Allied to help them set up a new factoring facility quickly, so the company could begin work on their new orders. This Funding By Allied is helping this family owned business by allowing them to have the working capital to accept new and much larger orders to help them grow.