$500,000 in Invoice Factoring to Texas Wholesale Bakery – September 29, 2017

Date Funded: 9/29/17

Facility Amount: $500,000

The Company: This Texas-based, wholesale bakery produces frozen desserts for restaurants and shelf stable gift cakes for retailers.

The Issue: This company is a returning Allied client from 2003 that initially left Allied after growing and securing a bank line of credit. Their growth continued until about 2013, when they experienced a decline in revenue. Although they made adjustments and have started to rebuild their business, they no longer had a working capital provider to help support this growth.

The Solution: The company reached out to Allied once again to quickly obtain $500,000 in working capital to allow for their new orders.

The Win: This Funding By Allied will be used for vendor payments and to help the company rebuild, take on new orders, and grow once again.

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