Allied Affiliated Funding announced the following recently closed transaction:

A $2 million credit facility to a start-up staffing company that focuses on skilled labor needs in the North Dakota market. Because of their rapid start up and incredible growth in new business, the company needed quick access to growth capital through a factoring partner that could close in a short time period.

The funding by Allied has enabled the company to utilize their cash flow to continue to grow their business.

Allied is a nationwide commercial finance company specializing in accounts receivable factoring, offering facilities from $100,000 up to $10 million.  Founded in 1992, Allied remains one of the longest-tenured, privately owned factoring companies in the United States.