$500,000 in Invoice Factoring to Texas Procurement Services and Staffing Company – August 22, 2017
Date Funded: 8/22/17
Facility Amount: $500,000
The Company: This Texas-based, veteran owned business serves as a subcontractor, providing procurement services and staffing placements to support domestic and international defense department suppliers as well as commercial companies. The company’s primary focus is supplying various goods to U.S. companies operating abroad, specifically in the Middle East.
The Issue: The company needed growth capital to take on several new staffing contracts they have recently been awarded.
The Solution: Because this was a previous Allied client from 2014 who needed additional funding, Allied was quickly able to get them updated and funding again with Allied in only a few days.
The Win: This Funding By Allied provided the company with the growth capital they needed to take on these new staffing contracts and also offers a great client testimonial that they wanted to return to the Allied Team in their time of growth and subsequent financial need.