Allied Affiliated Funding provided two accounts receivable facilities totaling $2.5 million.

A $500,000 facility was provided to a veteran-owned business that serves as a subcontractor, providing procurement services and staffing placements to support domestic and international defense department suppliers as well as commercial companies. This returning client received large contracts and needed a working capital line of credit.

A $2 million facility was provided to a Texas-based pipeline construction company. With the recent increase in the energy market, the company experienced significant growth, almost doubling its sales compared to last year. Its current bank provider was unable to increase its line as it was not comfortable with increased exposure in the oil and gas industry. Allied was able to refinance the bank line and provide a non-notification working capital line for the company to make payroll.