Has this happened to you?
Your business’s bank has served you well when you needed working capital or a way to finance a growth opportunity. But one day, out of your control, your bank ends their relationship with your business. A bank rejection often happens when they rebuild their balance sheet, so it’s not a reflection of anything you done. What do you do?
Here is a what one company did
Having been kicked to the curb by its long-standing banking relationship, this plastic recycling company turned to its trusted CPA for guidance. Throughout the years, this CPA firm has enjoyed many success stories with Allied, so the CPA knew that we could sort through the deal quickly. At our very first meeting, Allied Financial Corp. committed to a $2,500,000 working capital line of credit which immediately salvaged the company’s pipeline. The bank was made 100% whole on its outstanding balance and the company was given the ability to continue to run on all cylinders with the additional working capital that Allied provided.
What you can do
If you’ve experienced a bank rejection and you are a B2B company sitting on outstanding invoices, Allied Financial Corporation can help you get the capital you need to keep your business going during slow periods or seasons of growth.
Contact us today and let us help you add deposits while we take the credit risk. Whether you are a manufacturer, distributor, service company, or contractor, we finance credit lines from $25,000 to $2,000,000.