Date Funded: 3/15/18
Facility Amount: $8,000,000
The Company: This 30+ year old, New York-based company provides security guard staffing primarily for retailers. Currently, they have several companies and locations throughout the U.S.
The Issue: The company had been financed by another factor for the last few years. Their rapid growth and expansion required a factoring partner who could grow with them while also providing them with a more flexible and more competitive funding structure.
The Solution: Allied was able to deliver, and deliver quickly. Once the company decided to leave their long term factor and make the switch to Allied, Allied was able to close within one week while also providing a larger facility, a more seamless funding process and a 93% advance rate.
The Win: This Funding By Allied gave this company the working capital they needed to accommodate their rapid growth and expansion with a flexible financial partner who could meet their changing needs.