Allied Affiliated Funding Provides $350,000 in Invoice Factoring to Texas Staffing Company and Software Company – March 9, 2018
Date Funded: 3/9/18
Facility Amount: $350,000
The Company: Allied provided funding for two Texas-based companies with common ownership. One of the companies provides software to the healthcare industry that enhances the customer’s interaction for patient documentation. The other company focuses on providing the staffing and consulting services, including help desk and other consultation for their software. The companies have been in business for over 15 years.
The Issue: These companies originally worked with Allied in 2015, self-financing most of the time since. With some seasonality in their business and a recent cash flow need due to customer payment changes, the company wanted to make sure they did not have to worry about making payroll.
The Solution: The company returned to Allied looking for another fast funding. They knew they could rely on Allied’s responsiveness and flexibility, especially for their advance billing invoices on the software side. Allied created a funding structure that worked for their staffing, consulting and software billing needs while getting the funding done in less than a week.
The Win: This Funding By Allied gave these two companies the working capital they needed to meet payroll and other obligations, all within one week of calling Allied!