Allied Affiliated Funding Provides $2,500,000 in Invoice Factoring to Oklahoma Staffing Company – March 8, 2018
Date Funded: 3/8/18
Facility Amount: $2,500,000
The Company: This company is an Oklahoma-based, certified Service Disabled Veteran Owned Small Business (SDVOSB) that provides labor in support of DoD contracts.
The Issue: This returning Allied client called Allied after self-financing for over a year. They recently received new contracts creating an additional need for working capital. In addition, the owner had been focused on these new orders, but when one of his key customers slowed payments by about ten days, a new cash crunch was created causing an urgent need for making payroll. With only one day to meet payroll and knowing firsthand about Allied’s premier, fast, customized service levels to help business owners with creative solutions, they called on us again. Their request, “Can you fund us tomorrow?”
The Solution: Our Allied super-team mobilized all efforts to get the information, underwrite the deal, review the billing, get verifications completed, finalize closing documents and complete all new funding set up activities in ONE DAY!
The Win: This Funding By Allied gave this returning client the fast, working capital they needed in record time to meet their payroll needs, while also providing new funding for their growth.