$750,000 in Invoice Factoring to Alabama Telecom Company – October 10, 2017
Date Funded: 10/10/17
Facility Amount: $750,000
The Company: This Alabama, service disabled veteran owned small business is a telecommunications company specializing in fiber optic engineering and installation as well as trenching and plowing services for fiber optic cable.
The Issue: With recently reduced downtime and expanded capacity, the company was looking for a new working capital provider to help them with the new growth they are experiencing.
The Solution: A referral source sent the company to Allied where they were quickly provided a $750,000 growth capital facility.
The Win: This Funding By Allied will help the company facilitate their new growth while providing a reliable capital source should the company need additional financing.