Allied Affiliated Funding provided $250,000 in A/R financing to a New Jersey-based company providing commercial garbage and laundry chute cleaning services.

The New Jersey-based company provides commercial garbage and laundry chute cleaning services.

This company’s top customer makes up nearly 85% of their sales. While invoices are paid promptly, delays occur from the time the invoice is submitted to the local approval person until the invoice is in the accounts payable system. Allied was able to fund this company with a significant customer concentration while also creating a structure that allows for same day funding.

This enabled the company to obtain cash-flow the same day without having to wait for confirmation from the payables department, getting money to the company faster so they can make payroll each week.