Date Funded: 11/17/17
Facility Amount: $750,000
The Company: This is a Texas-based staffing company supporting IT, telecom and accounting/finance customers.
The Issue: This start up company needed growth capital to help launch their new staffing business, but they could not qualify for a bank line because they did not have any operating history.
The Solution: The company was referred to Allied by an existing Allied client, and Allied was able to provide a $750,000 factoring facility.
The Win: This Funding By Allied gave this company the working capital they needed to get their business started with financial peace of mind.