Allied Affiliated Funding announced the following recently closed transactions: 

• $1.25 million accounts receivable facility to help facilitate the acquisition of a company.  This equipment manufacturing firm focuses on customers in the construction, agricultural, and energy industries. Allied’s longtime client had an opportunity to purchase this business as a spin-off from its parent entity. The parent no longer wanted to financially support this business unit after experiencing declined sales in the oil and gas portion of their revenue. With a new owner’s focus and experience in this industry, Allied’s financing helped a long term customer complete another acquisition to expand their portfolio.
• $500,000 accounts receivable facility to a California-based security services company for HOA and commercial properties. As a growing company with new customers being added, the owners experienced tightened cash flow and a critical need for payroll last year. Looking online, they found a cash advance company that made getting lump sums of working capital seem fast and easy. However, the cost of this type of funding almost crippled the business, as they were forced to reload the advance and then get another advance from another firm, with costs escalating to over 50% or more. With yet another payroll to make, the company reached out to Allied seeking a more cost effective form of financing that could grow with their business, versus having to pay down expensive term debt while trying to grow.  Allied was able to quickly come in and fund the AR plus provide additional monies to pay off all the cash advance amounts and make payroll. This happened in only five days!  The owners can now take back control of their business, their cash flow and their costs without being trapped in the cash advance cycle.
• $150,000 accounts receivable facility to a telecommunications company specializing in commercial underground utility installation services. This Funding By Allied will allow a new company to succeed by providing financing to a company that would otherwise not qualify for financing due to their poor credit history combined with the startup nature of their business.

Headquartered in Dallas, Texas for the past 22 years, Allied provides creative, flexible, and fast factoring and asset-based lending services to a wide array of industries. Allied's clients include commercial businesses with commercial accounts receivable that are seeking working capital but do not qualify for traditional bank financing. Additional offices are located in New York and Florida.