Allied Affiliated Funding Provides $1,500,000 in Invoice Factoring to Texas Printing Company – November 20, 2018
Date Funded: 10/15/2018
Facility Amount: $1,500,000
The Company: This Texas-based printing company has been in business for over 50 years providing sheet-fed, digital, wide format printing for their customers.
The Issue: The company had been working with another factor for the past year but experienced a few bumps internally with their billing processes, personnel and overcoming financial hurdles. Because of these challenges, they were dissatisfied with their factoring relationship.
The Solution: The company’s banker referred them to Allied to establish a new financing relationship with greater funding availability to run the business, especially during their busiest season. Allied was able to quickly provide the company a $1,500,000 credit facility.
The Win: This Funding By Allied gave the company the capital needed to refinance their current factoring obligations while also providing flexibility and sufficient financing as they head into their busy season.