$5,000,000 in Working Capital Financing to Pennsylvania Food Manufacturer
Facility Amount: $5,000,000 receivables line including a $500,000 purchase order and inventory facility
The Company: This company is a Pennsylvania based food manufacturer and distributor.
The Issue: The company recently received several orders from large retailers, one of which was over $3,000,000 for the holiday season. Additional working capital was needed quickly to complete these orders on time.
The Solution: A referral partner suggested that the company contact Allied, given Allied’s reputation of establishing flexible, creative deal structures within very short time frames. Allied worked closely with the business and their management team to create a structure that allows the company to pay for the materials and labor to complete the orders, thereby meeting their customers’ order deadlines.
The Win: This hybrid financing program that included both receivables financing and purchase order / inventory financing will enable the company to grow their business and obtain additional orders from these large retailers in the future.