More Than Just a Factor: 4 Additional Funding Options With Allied – January 14, 2019
Did you know that you can use Allied Affiliated Funding, a division of Axiom Bank, for more than just your accounts receivable needs? You may know us for invoice financing and factoring, and perhaps you’ve worked with us in that capacity, but here’s something you may not know about us: we’re not just a factor. In fact, we have a 26-year history of providing a variety of funding services to our clients prior to being acquired in 2018.
Over the last ten years, Allied has worked tirelessly to help entrepreneurs achieve their goals through various working capital products including small term loans. We’re now proud to be known nationwide as a commercial finance company. Over the last five years, our product offerings expanded even more to include inventory loans, equipment, and real estate loans, and general term loans along with small credit lines. Now, with the added benefit of being part of Axiom Bank, we can offer even more. But, what does that mean to you?
More financial products mean more financing options — more solutions for your business. While accounts receivable financing is something we provide, it is not all we do. Allied is a solution-oriented, working capital provider specializing in accounts receivable financing along with asset-based lending (ABL) product offerings, including:
Has your business struggled financially, but now you have a plan for the future or have great inventory collateral? Allied can work with your business to provide an inventory loan along with your accounts receivable financing. Depending on the product and its value, credit lines can be up to 50% of the inventory balance on hand. We’ve financed everything from cotton balls, dry goods, stamps, paper products, protein supplements, radios, cleaning wipes, electrical products for contractors and more with loans from $100,000 to more than $1 million.
Do you have equipment you want to purchase or want to finance? Allied can help here as well, offering equipment financing from $100,000 to more than $1 million with one to five-year amortization schedules. These loans are also made in tandem with your receivables financing line. We’ve financed equipment including presses and sorters, telecom equipment, oil and gas equipment, food processing plant equipment and more.
To help with additional working capital, Allied can provide real estate loans for commercial property for where the business operates. We’ve even financed a family-owned ranch when it made sense. Loans range from $250,000 to $1 million and offer supplementary financing for accounts receivable lines.
Sometimes our clients need a little help to complete a transaction, to help with an acquisition or to bridge a short-term gap. Allied may be able to provide you with a small term loan to provide additional working capital to the business. These term loans tend to range from $50,000 up to $250,000 and are provided on a case-by-case basis.
From accounts receivable financing to asset-based lending with the supplemental financing products listed above, we can work with you to meet your funding needs, whether you are a start-up, high growth company, are looking to refinance, complete a merger or acquisition, or even if you have struggled to make ends meet. With competitive rates and no hidden fees, funding with Allied just makes sense. Contact us today to learn more about our funding options and find the solution that works for you.