Allied Affiliated Funding completed two accounts receivables financings for a total of $400,000.
Allied provided $250,000 in receivables financing to a Texas-based company that primarily provides commercial roofing services on new construction and sheet metal fabrication, including standing seam metal roofs, gutter, downspouts and flashing. To continue growing, this company needed a working capital line to be able to take on larger orders. The company was referred to Allied to help set up a new factoring facility quickly, so the company could begin work on their new orders.
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Allied also provided $150,000 in receivables financing to a Texas-based company that provides steel fabrication, including sheet metal bending, laser cutting and plastic injection/heat molding for manufacturing companies. This steel company needed a working capital line to be able to take on larger orders. Allied set up a new factoring facility quickly, so the company could begin work on their new orders.
