Allied Affiliated Funding announced the following recently closed transactions:

• $1,500,000 credit facility and a $400,000 inventory loan to a body-building and strength-related sports nutritional supplements distributor. The company outgrew the amount of trade credit that its suppliers could extend needing a new credit facility in order to finance its inventory and potential growth. This Funding by Allied allowed the company to pay off two costly investors and replace those funding sources with factoring. This produced a significant savings in cost of funds, all while increasing their access to a greater amount of capital. Allied's financing will also allow the company to grow and remit their payables with greater ease.
• $1,500,000 credit facility to a telecommunications company providing construction and engineering services for large telecom companies servicing commercial buildings and large apartment complexes. The company's recent growth combined with concentrations in their customer base caused them to seek an alternative financing option that would work in conjunction with their existing bank line of credit. This company was referred to Allied by their banker, and together, Allied and the bank were able to creatively structure a working capital credit facility that worked with their bank line of credit. This Funding by Allied will allow the company to continue to grow their business while also meeting payroll and subcontractor payment obligations.