Allied Affiliated Funding Provides $300,000 in Invoice Factoring to Texas Software Company – October 31, 2018
Date Funded: 7/5/2018
Facility Amount: $300,000
The Company: This Texas-based software company was established to create and deploy custom SaaS solutions in order to meet the specific needs of each of their customers. The company offers Business Road Mapping, Technology Road Mapping, Consulting, Developing and Support, with their consulting services driving the business.
The Issue: This company recently obtained a large contract, resulting in a single customer concentration that prevented them from receiving traditional financing from a bank.
The Solution: The owner of this company had prior experience working with Allied through another company he financed. Because of his familiarity and prior success, he approached Allied again for help with this new project. Allied was able to provide almost immediate funding for their new invoices to this one customer.
The Win: This Funding By Allied enabled the company to take on this new customer and will help with other new projects going forward.