A fast growing distributor of fiber optic cable who was wired into some large companies began receiving more orders than its current banking relationship could support. The banker made the connection to Allied Financial, and we realized that the company had the bandwidth to really flourish from a jolt of additional working capital. We immediately proposed a $1,000,000 line of credit which included an inventory advance to facilitate the company’s continued growth. The referring bank opted to participate in a portion of the line of credit and retained the remainder of the banking relationship. This was another win, win, win transaction for all parties!
This concrete contractor specializing in the installation of golf cart paths experienced some bumpy roads due to the recession but finally began to see a sharp turn in business. The owners of the company realized that a working capital line of credit would truly cement the company’s recovery, but the existing banking relationship was not an option. The banker did provide the company with a clear road to Allied, and we were able to quickly put together a $150,000 line of credit that helped to place the company on the path to prosperity. Of course, the bank retained the remainder of the relationship!