Allied Affiliated Funding Provides $600,000 in Receivables Financing to a Reseller of Consumer Electronics
Date Funded: 12/23/19
Facility Amount: $600,000
The Company: This Texas-based company specializes in the recycle, repair, and resale of previously used electronics to wholesale and e-commerce customers.
The Challenge: The company had sustained losses historically and was self-financing their business to maintain their working capital needs. With new customers and orders, this company needed a financing partner who could fund their existing business and provide room for growth with added business.
The Solution: The company was referred to Allied to help them set up a factoring facility quickly, so the company could continue work on their new and ongoing orders.
The Win: This Funding by Allied is helping this business have ongoing working capital to meet their working capital needs, with sufficient funding to take on new business and grow.