Allcap closed a $1.5 million accounts receivable financing facility for a Florida-based company that designs and assembles communication systems for the government and large, commercial companies.

The company received a $6 million purchase order to implement and fulfill a new project over the next several months. With the 100% customer concentration combined with the new growth capital needed, it was not able to obtain a traditional bank line of credit that would also meet the working capital requirements for the job.

The company was introduced to the Allcap Participation Fund and Allied Affiliated Funding to help create a funding structure that provided the financing needed while also giving the owners flexibility, so the company could choose which invoices they wanted to finance without being required to finance all of their invoices.

This new funding helped the company accept a new large order for a long term, existing customer without any bumps along the way. These new funds will give the business the growth capital needed to continue to expand into the future and succeed.