Date Funded: 6/8/17
Facility Amount: $1,500,000
The Company: This company produces and sells shelf-stable snacks that support a variety of diets to large retailers throughout the United States.
The Issue: Although this company has had a few different owners over the past couple of years, one of Allied’s current clients bought the company in January. With the purchase completed, the company was seeking working capital for ongoing operations and planned growth.
The Solution: Allied’s long history with this business owner allowed for Allied to quickly rise to the occasion, providing a $1,500,000 credit facility in less than one week.
The Win: This Funding By Allied will provide the company with the working capital they need to cover operational expenses and allow for growth.