Having outstripped its existing working capital and barely scraping by, this sandblasting and powder coating company needed to forge a new lending relationship. Management had welded together a banking line of credit and a more expensive factoring relationship on specific account debtors. As the factoring company began grinding down eligibility of receivables, the company’s trusted banker wisely knew that Allied Financial would be a concrete fit. Fired up, the Allied Team scoured the numbers and proposed a $1,500,000 line of credit – wiping out the higher cost of factoring. The borrower was shining brightly with the additional working capital. The banker kept the depository relationship, and Allied was thrilled to work with another fine-tuned company. Another Win, Win, Win!
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