This early stage structural engineering company began to experience significant growth which was stretching their working capital to the limit. They approached their bank for a line of credit but due to the short length of time in business and lack of financial history, their banker advised they needed to see more stability in order to approve the request. The resourceful Banker knew the next step was to call Allied Financial. Having worked successfully with Allied many times in the past, he knew that we would work hard to get the deal done and lift the entrepreneur’s spirit. At our very first meeting, Allied recognized that this company was building the right foundation for a strong future and immediately proposed a $300,000 working capital line of credit. The entrepreneur felt as though a heavy weight had been lifted and was most grateful for the banker making the introduction to Allied. Another Win, Win, Win!
This service provider of new home and construction inspections was feeling the uptick in the real estate market and a line of credit was going to be needed. Their business was growing nationally and they had built up a tremendous database of inspectors to support their growth. Their major concern was falling behind on timely payments to the inspectors as this would nail the door shut for being able to use them again in the future. They met with their banker to begin the process for credit approval but due to inaccuracies in the financial information the analysis did not get very far. The banker advised his customer that the only company he knew who could hammer out a deal for the company was Allied Financial. After Allied carefully scrutinized the company’s past experience as well as their future opportunities, we knew that the nuts and bolts were in place for this company to succeed. We proposed a $150,000 line of credit to the company and had them funded in less than a week. The customer got the line of credit they needed and the banker secured the relationship and kept the deposits!