Allied Affiliated Funding Provides $450,000 in Invoice Factoring to Spray Insulation for Home Builders
Date Funded: 4/30/2019
Facility Amount: $450,000
The Company: This Texas-based company provides spray home insulation to home builders and others to insulate their homes prior to being sold.
The Challenge: With their anticipated growth, their existing bank lender was not able to increase their line of credit sufficiently to support the company’s working capital needs.
The Solution: The company contacted Allied to help create a funding solution that would maximize their receivables while also letting them keep their existing bank line of credit in place.
The Win: This Funding By Allied helped the company take on more business while keeping the company’s cost of funds low while giving them the capital to continue to grow.