Allied Affiliated Funding announced the following recently closed transactions:

• $2,500,000 accounts receivable facility to an Oklahoma-based, certified Service Disabled Veteran Owned Small Business (SDVOSB) that provides labor in support of DoD contracts. This returning Allied client came back after self-financing for over a year. The company recently received new contracts creating an additional need for working capital. The owner had been focused on these new orders, but when one of his key customers slowed payments by about ten days, a new cash crunch was created causing an urgent need for making payroll. Knowing firsthand about Allied’s premier, fast, customized service and creative funding solutions, the company called on Allied once again with only one day to meet payroll. The Allied team mobilized all efforts to complete the new funding documentation and set up activities in just one day. This Funding By Allied gave this returning client the working capital they needed in record time to meet their payroll needs, while also providing new funding for their growth.

• $200,000 accounts receivable facility to a Louisiana-based fuel management company that provides cleaning services for large fuel tanks. The start-up nature of this company with limited operating history and poor owner personal credit created a working capital need unable to be fulfilled by traditional bank financing. With their impending growth, the company needed a working capital line and a financial partner who could move quickly, both of which they found in Allied. Allied provided the company a $200,000 credit facility within just four days of receiving the signed proposal. This Funding By Allied gave this start-up company the working capital they needed to launch their business and grow.

• $350,000 accounts receivable facility to two Texas-based companies with common ownership. One of the companies provides software to the healthcare industry that enhances the customer’s interaction for patient documentation. The other company focuses on providing the staffing and consulting services, including help desk and other consultation for their software. These companies originally worked with Allied in 2015, self-financing most of the time since. With some seasonality in their business and a recent cash flow need due to customer payment changes, the company wanted to alleviate worry about making payroll. Knowing they could rely on Allied’s responsiveness and flexibility, especially for their advance billing invoices on the software side, the company returned to Allied looking for another fast funding. This Funding By Allied gave these two companies the working capital they needed to meet payroll and other obligations, all within one week of calling Allied.