Date Funded: 7/17/17
Facility Amount: $5,000,000
The Company: This Virginia-based mail, print and fulfillment company was looking to expand their mail and sort services into the Northeast. They identified two companies with similar offerings out of Maryland and New Jersey that also had a niche on non-profit mailing service customers throughout the U.S.
The Issue: The company needed to close and fund this acquisition within a ten day period. They also needed help financing the acquisition with a financing partner that could move quickly and meet their extremely short closing timeline.
The Solution: Allied was able to meet this deadline, providing the company with the working capital they needed through an accounts receivable factoring facility along with an inventory loan and two equipment loans.
The Win: This Funding By Allied provided the company with the capital they needed to purchase the assets of these two companies, expanding their overall business while also saving many employee jobs at both companies.