Date Funded: 10/2/17
Facility Amount: $1,000,000
The Company: This Pennsylvania-based company provides trucking services throughout the U.S. focused in oil and gas resource development.
The Issue: This company, which had previously been financed by another factor, was looking for a new factor to provide a more aggressive rate and structure as well as one that could fund quickly, including same day fundings for their new sales.
The Solution: Knowing Allied could meet these specific needs, a referral source sent the company to Allied where they were quickly provided a $1,000,000 factoring facility to assist with their growth.
The Win: This Funding By Allied provided a higher advance rate, lower pricing and faster funding for this rapidly growing business.