This software company was being “liked” by the venture capital firms, and had successfully raised several rounds of equity funding. Not wanting to dilute the equity any further, the founder decided to reboot and approached his banker about debt financing. Realizing that the company’s losses were not in sync with traditional bank financing, the banker linked the owner in with Allied Financial. We connected with management and approved the company’s $750,000 line of credit. The bank kept the remainder of the banking services relationship.
A family business specializing in construction loan inspections for the banks found that its high growth was hammering its ability to pay the bills on time. A lack of financial records threw a wrench in the company’s plan for traditional bank financing. The banker made a quick introduction to Allied Financial. We were able to survey the situation and placed the company on a strong foundation by banging out a $150,000 line of credit on the spot. We are delighted to add this family business to the Allied family. The company was thrilled to have its working capital needs resolved, and the banker clearly solidified his relationship with the family.