Allied Affiliated Funding announced the following recently closed transactions:

• A $1.2 million working capital facility to an accounting and technology consulting firm working with customers on a project basis. The company experienced availability constraints and some lender fatigue with their current asset-based lender when their largest customer changed their payment terms to over 90 days. The company also had past due taxes owed. Allied was able to structure a facility that provided additional availability on the N90 day terms while also working with the tax considerations at the company.
• A $500,000 working capital facility plus a $125,000 equipment loan to a preferred contractor focusing on comprehensive environmental services, site investigations, underground/aboveground storage tank compliance and other turnkey remediation. To unwind a merger of two businesses that ultimately did not fit together culturally, Allied provided the funding to help one owner buy back his business. The additional monies needed to complete this acquisition were made through an equipment loan.
• A $200,000 working capital facility to a software company offering learning management systems and partner relationship management platforms to mid-market and global customers. The company was looking for a new factoring relationship, as their current factor started requiring minimum monthly sales volumes. Allied was quickly able to establish a more flexible factoring facility for the company with no minimum factoring volumes or fees.