Allied Affiliated Funding announced the following recently closed transaction:
$125,000 accounts receivable facility to a software provider for the healthcare industry. Historically self-funded, the company wanted the assurance of meeting payroll quickly when needed. This funding by Allied will provide that much needed peace of mind around payroll time.
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.