Date Funded: 9/29/17
Facility Amount: $500,000
The Company: This Texas-based, wholesale bakery produces frozen desserts for restaurants and shelf stable gift cakes for retailers.
The Issue: This company is a returning Allied client from 2003 that initially left Allied after growing and securing a bank line of credit. Their growth continued until about 2013, when they experienced a decline in revenue. Although they made adjustments and have started to rebuild their business, they no longer had a working capital provider to help support this growth.
The Solution: The company reached out to Allied once again to quickly obtain $500,000 in working capital to allow for their new orders.
The Win: This Funding By Allied will be used for vendor payments and to help the company rebuild, take on new orders, and grow once again.