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

• $2,000,000 in Receivables Financing to a Missouri-based company that manufactures and sells high-quality silica proppant (frac sand) to be used in the Ohio region to large, national oil and gas customers. Being a start-up, the company was seeking a working capital partner so they could accept new orders and grow the business. With a need for working capital to take on new orders, Allied was able to quickly set up and fund this accounts receivable facility, giving the company the ability to take on this new business and focus on sales instead of worrying about their future financing needs. This Funding By Allied will help this start-up entity grow, while also ensuring their vendors can be paid on time.