When a couple of entrepreneurs looked at purchasing an established concrete and grading company, they were aware that sales had leveled off over the years, but they had a vision of growing the business. With SBA financing, the new owners purchased the company and were offered a term loan and a small working capital facility – which seemed adequate at the time. Brick by brick, the new owners did grow the company, and the hard cap on the revolving line of credit began to cause working capital pressure.
Fortunately, the bank holding the SBA facility was very familiar with Allied Financial, and an introduction was made. Being favorably impressed with the entrepreneurs, it was easy for Allied to cement a $1,000,000 line of credit. The banker solidified his relationship with the customer by providing a workable solution, and Allied was honored to assist with the formation of this credit. Another Win, Win, Win!
Contact us about a line of credit for your B2B business.
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We finance SERVICE COMPANIES, MANUFACTURERS, DISTRIBUTORS, AND CONTRACTORS.
CREDIT LINES FROM $25,000 TO $3,000,000 FOR ALL TYPES OF COMPANIES.