Thank You, a Message from our President – May 11, 2020

Wow, what a whirlwind it has been these last few months! Or has it only been a few weeks? It’s crazy how the days blend together. I know we are all busy, have way more emails than before, and our hours have often pushed long into the evening for many of us.

While reflecting on this time, I think of you, our clients and partners, and feel a deep sense of appreciation. Thank you for your trust, support, and continued partnership. Together, we were able to do so much in such a short period of time.

As I also consider my almost 11 official years with Allied, we’ve always said, “We’re more than just a factor.” This has never been truer than over these past several weeks. We truly live for helping companies grow and succeed. That’s what we do.

It’s been almost two years now since we joined forces with Axiom Bank, N.A. Our partnership has allowed for growth, new opportunities, and expanded service offerings. And we’re extremely thankful that through our combined synergies, we have been able to help our clients even more, especially during these recent challenges with the roll out of the CARES Act Paycheck Protection Program (“PPP”). Through this unique opportunity, we have been able to be a part of something that has helped even more companies get through unforeseen hurdles.

I’m proud to share that we funded 100% of the completed PPP loan applications received before we met our capacity. This couldn’t have happened without the long hours that everyone put in – including our clients, partners, and employees – to figure out the government details that weren’t always clear, and we will continue to work through it together. We’re not done yet.

And I can truly understand now what many of our bank partners are experiencing as we’ve also been in the trenches helping our commercial team. I have fully embraced that there is no such thing as “banker’s hours.” That is a definite myth. Every bank partner we have is working tirelessly to help entrepreneurs and their employees, so thank you again, as we are all making a difference together.

Our employees have also been inspiringly resilient, which has been awesome to watch and be a part of. We’ve all come together with the common goal to help as many businesses as possible through this unprecedented time. We’ve developed and strengthened relationships, built new partnerships, and continued to meet our customers’ ongoing working capital needs, while learning new products along the way to deliver even more funding. Yes, there has been vague information and learning curve challenges, so thank you for sticking through it all with us. I cannot say it enough – thank you!

We continue to provide working capital solutions and find creative ways to help companies that need it most, by funding accounts receivable, inventory, equipment, and more. Remember, we really are more than “just” a factor. We’re here to help companies continue to succeed – be it for growth, refinancing, not-yet-bankable situations, and more. We’re here to make a difference.

As John F. Kennedy once said, “One person can make a difference, and everyone should try.”

Once again, thank you for believing in our team and our company. Thank you for your business. And thank you for continued opportunities in the future.

Gen Merritt-Parikh, President, Allied Affiliated Funding, a division of Axiom Bank, N.A.