Allied Affiliated Funding Provides $3,000,000 in Receivables and Inventory Financing to Graphics Distributor
Date Funded: 5/31/2019
Facility Amount: $3,000,000 including a $750,000 inventory loan
The Company: This Illinois-based company provides fleet graphics, OEM decals and retail décor to large customers nationwide.
The Challenge: An existing client of Allied received an acquisition opportunity with an assignment for the benefit of creditors sale and was seeking financing for the purchase along with ongoing working capital for their operations and growth. The auction timing was tight, and the company could not wait for more traditional bank financing. They needed a financial partner who could move quickly and finance both accounts receivable and inventory.
The Solution: Having working together for several years, the owner contacted Allied to help with a fast funding solution that included a 90% advance on accounts receivables as well as 50% on their inventory, which could be used to complete the purchase for this new business.
The Win: This Funding By Allied helped this business owner get to the finish line quickly, giving assurances so they could bid at the auction and win the deal. They were able to acquire a new company and keep people employed, while also helping to grow the business further into the future.