Daily News: April 17, 2015

Allied Funds Cell Tower Servicer Facility

Allied Affiliated Funding provided a $600,000 A/R facility to a cell tower servicer in Texas.

This cell phone tower maintenance company has been in business since 2008 and was seeking working capital to grow their business. Because one of the owners had poor personal credit, the company was unable to obtain traditional bank financing.

The funding will enable the company to realize their growth plans and double their crew size, giving them the business cash-flow solutions they need.