Date Funded: 2/13/17
Facility Amount: $500,000
The Company: This Texas-based telecommunications contractor lays fiber optic cable.
The Issue: The company was looking for a way to accelerate their cash flow so they could make payroll and take on additional work with new customers.
The Solution: The owner of the company was referred to Allied through Allied’s Vendor Finance Program, and Allied was quickly able to set up a credit facility and fund within only a few days.
The Win: This Funding By Allied will give the company the cash flow they need to grow the business in 2017.