Allied Affiliated Funding closed $1 million in receivables financing to a Texas-based commercial flooring company and $400,000 in receivables financing to a Louisiana-based oil and gas industry consulting company.
Allied Affiliated Funding provided $1.5 million in receivables financing to a New Jersey-based pet wash manufacturing company and $300,000 in debtor-in-possession receivables financing to a Texas-based manufacturer.
Axiom Bank named Richard Jensen senior vice president and commercial relationship manager in Tampa, FL. In this role, Jensen will develop and manage relationships with Axiom’s commercial clients.
Allied Affiliated Funding closed $600,000 in receivables financing to a company specializing in the recycle, repair and resale of used electronics and $1.5 million in receivables financing to a company providing inspection services for pipeline/rigs.
Kimberly Smotherman joined Allied Affiliated Funding as chief credit officer, factoring and asset-based lending. Smotherman is responsible for credit risk management and portfolio oversight.
Allied Affiliated Funding, a division of Axiom Bank, completed two receivable funding transactions totaling $1.65 million.