Articles Axiom Banking

What To Do When a Traditional Line of Credit Isn’t an Option: The First 4 Things You Should Know

Maintaining cash flow is essential for any business to meet your financial obligations. But rapid growth, new opportunities, slow-paying clients and any number of other factors can create a need for quick access to working capital. If your company needs to generate cash flow but have had the tough conversation with your bank that you […]

Is Factoring a Smart Decision for Your Business? Debunking and Revealing 5 Common Myths About Factoring

Business owners know that there are multiple sources of financing available that can support their business. Whether structuring business finances to accommodate rapid growth, or facing funding challenges due to negative operating history or any number of other reasons, accounts receivable financing (a.k.a. invoice factoring) is an option that will always be worth considering. While […]

Community Banks and ABLs: How We Can Work Together to Serve Your Clients

Businesses struggling to maintain cashflow and working capital needs — whether due to growth, diminished earnings or customer concentration — can find themselves caught in the difficult position of being bypassed by traditional bank lending. For small and medium-sized enterprises (SMEs), securing this critical financing often means the difference between success and failure. Many community […]

PPP Loans and Factoring: How Allied Continues Serving Our Clients During the Pandemic

In 2020, more than 521 billion dollars were paid out in Paycheck Protection Plan loans, known as PPP loans, according to data from the U.S. Small Business Administration. The program, designed to provide assistance to millions of businesses struggling in the wake of the COVID-19 pandemic is now in its second round of draws. During […]

How to Navigate Difficult Financial Conversations: Tips from the Allied Team

At Allied, having difficult conversations is part of what we do. In any industry, managing difficult situations and having hard conversations is part of the job, but these conversations can be particularly emotional and stressful in the financial sector. While we strive to help as many businesses as possible, not every potential deal is a good fit for our business. […]

In the Face of the Pandemic: How Allied Supports Businesses Struggling to Make Ends Meet in the Wake of COVID-19

More than 99 percent of all U.S. businesses are small businesses, and these businesses employ about half of the country’s workforce. Most small businesses do not have the cash reserves on hand to weather a storm quite like we’ve seen with the COVID-19 pandemic. Businesses already struggling to make ends meet have been hit especially hard, […]

Plan B for High-Risk Banking Clients – October 6, 2020

At the onset of the pandemic, the Federal Reserve urged lenders to finance businesses affected by the economic downturn through the federal Paycheck Protection Plan (PPP), which paid out roughly $530 billion to businesses nationwide. PPP funds have since been disbursed and used. Concurrently, banks are tightening their lending standards, increasing the size of their special asset groups, and managing the quality of their […]

Sometimes It Takes Three to Get the Job Done – September 1, 2020

“No matter what technology and shiny new tools we use in our business, we should always come back to relationships.” – Cathy Engelbert Focus on Relationships At Allied Affiliated Funding, a division of Axiom Bank, N.A., relationships are central to who we are. In everything we do, we strive to build strong relationships with our clients […]

Cyber Security – July 10, 2020

Cyber Security’s Top 10 in the Face of a Pandemic 4 Threats and 6 Solutions to Protect Your Business by Sanjay Parikh, Vice President – Professional Services, IT and Compliance, CRITICALSTART Cyber security controls in the banking and financial sector are an absolute necessity as Internet scammers attempt to obtain sensitive information to gain access […]

The Difference an Individualized Approach Makes – June 7, 2020

Not all of our clients are new to accounts receivable financing. Many times, we work with clients who have a history with other factoring companies but have, for any number of reasons, struggled to secure the funding they need. This is one such story. Eighteen months ago, Allied Affiliated Funding began working with a client […]

Allied – COVID 19 Update – April 1, 2020

COVID-19 Update Today, we wanted to let our partners know that we are thinking of all of you. Our thoughts are with each of our employees, clients, referral partners, industry peers, and others with whom we encounter. Many businesses are struggling; others are finding niches to fill a void. And, others are finding ways to […]

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 […]