Allied Affiliated Funding Provides $500,000 in Receivables Financing to Start-Up Staffing Company – October 10, 2019

Date Funded: 9/20/2019
Facility Amount: $500,000
The Company: This Texas-based company provides staffing services, primarily to the oil and gas industry.
The Challenge: To help start their business and take on new customers and orders, this staffing company needed a working capital line to be able to meet payroll while waiting for their customers to pay.
The Solution: After not being able to obtain financing through another lender they were familiar with already, the company was referred to Allied to help them set up a new factoring facility quickly, so the owners could meet payroll.
The Win: This Funding By Allied helped these new business owners start their first business and become entrepreneurs. They were able to accept orders with new customers and launch their business.
Photo that says "Get a fast quote to turn your accounts receivable into cash" with images of bank employees Farrah and Sam, part of the Allied Team