This multifaceted facility services company specializing in janitorial services, industrial cleaning and welding found itself in a real mess when the company needed to quadruple its existing credit facility. The company’s banker declined the request without offering an alternative. Fortunately, the resourceful entrepreneur did not throw in the towel and kept looking. Like a well-oiled machine, the second banker connected the owner to Allied, and we were able to offer a $1,000,000 working capital line of credit and the company moved its banking relationship to the referring banker. Another Win, Win, Win!
Putting the pieces together for this construction and renovation company was not an easy task. A working capital line of credit was the last item on this newly-formed company’s punch list. With less than 6 months history and a single concentration debtor, management recognized that a traditional line of credit would be difficult to hammer out. The company’s banker referred management to Allied where we provided the nuts and bolts of a much needed $750,000 line of credit. The referring banker cemented his relationship with the client and retained all other banking services.