Allied Affiliated Funding Provides $200,000 in Invoice Factoring to Louisiana Oil & Gas Company – March 9, 2018
Date Funded: 3/9/18
Facility Amount: $200,000
The Company: This Louisiana-based fuel management company provides cleaning services for large fuel tanks.
The Issue: The start-up nature of this company with limited operating history and poor owner personal credit created a working capital need unable to be fulfilled by traditional bank financing.
The Solution: With their impending growth, the company needed a working capital line and a financial partner who could move quickly, both of which they found in Allied. Allied provided the company a $200,000 credit facility within just four days of receiving back the proposal.
The Win: This Funding By Allied gave this start-up company the working capital they needed to launch their business and grow.