Date Funded: 5/10/17
Facility Amount: $1,500,000
The Company: This company is a Texas-based distributor of a new chemical drilling solution used in fracking oil wells to increase production quantity and longevity.
The Issue: The company is seeing tremendous demand for this new product and therefore, was seeking a fast working capital solution to help them take on this new business and meet their financial obligations.
The Solution: The owner of the company was referred to Allied by his longtime friend who is also an Allied client. In less than 5 days, Allied was able to fund the company, allowing them to take on this new business and grow.
The Win: This Funding By Allied will provide the company with the working capital they need to allow for unprecedented growth from this new business opportunity.