Allied Affiliated Funding announced the following recently closed transactions for their smalleticket telecom division:
$100,000 receivables line for a Georgia-based telecom business. This Funding By Allied enabled this small business entrepreneur to perform work for a customer that they otherwise could not service due to the average pay time of 50 days. This is especially important as this is currently their only customer, and this customer is intended to serve as a gateway to other opportunities.
$100,000 receivables line for a Florida-based telecom business. This Funding by Allied gave a family the opportunity to succeed by providing financing to a company that otherwise would not qualify due to detrimental credit history and the start-up nature of their operations.
$100,000 receivables line for this Texas-based telecom business. This Funding by Allied has provided a small business owner with the ability to maximize their earnings opportunity by running their own business as opposed to being limited to the earnings of an employee.
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.