Allied Affiliated Funding Provides $780,000 in Invoice Factoring to California Construction Company – May 22, 2018
Date Funded: 4/25/2018
Facility Amount: $780,000
The Company: This California-based company provides fire sprinkler design and installation for commercial and new, multi-family residential construction projects.
The Issue: This company had been successfully working with another factor since 2017, but they wanted a financing partner that could help them grow, reduce their financing costs, and provide a more flexible funding structure that would better accommodate their customer base and billing needs.
The Solution: Allied was able to seamlessly take over the account, providing a $780,000 credit facility which gave the company the working capital they needed to grow and the ability to access those funds faster.
The Win: This Funding By Allied gave this company the ability to receive funding much more quickly, while also providing additional opportunities to grow their business and help reduce their cost of financing over time.