Experiencing significant jolts in its sales, this company specializing in hardware and software monitoring systems for generators used in critical applications was charged to secure its own financing. Numerous bankers saw the potential for a bright future, but all of them were forced to pull the plug due to recurring losses. Finally, a wise banker turned management on to Allied Financial. We were so revved up at the possibilities that we proposed a $750,000 line of credit at our first meeting which pleased management enough to move the remainder of the banking relationship to the referring bank!
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When a significant growth in revenues began clouding management’s working capital vision for this glass installation contractor, management met with its banker and requested a line of credit. A lack of financial history shattered the banker’s ability to approve the request; however, the banker knew that Allied Financial would be able to see past the short term. We shined by committing a $200,000 working capital line of credit along with making a few simple suggestions for the business to run more efficiently. The entrepreneurs were most grateful for the suggestions and confidence that Allied had in them, but the banker truly sparkled for insightfully making the introduction! Another Win Win Win!