Experiencing a surge in new business and needing a charge to its working capital, this fiber optic cable contractor contacted numerous bankers requesting a line of credit. Unfortunately, the meetings failed to generate favorable outcomes. Ultimately, a wise banker suggested an introduction to Allied Financial. We formed an instant connection with the business owner and proposed a $1,000,000 working capital line of credit just in time for the company’s payroll. Our static free process enabled us to close and fund our new borrower within one week of our initial meeting! The business owner recognized the value that the new banker provided with the introduction to Allied and moved his entire banking relationship to the referring bank. Another Win for all parties!
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Having been awarded several new municipal contracts, this plumbing contractor was bursting with new business. Although the company’s pipe line was full, its cash flow was sluggish. Additionally, the IRS had recently filed a lien due to unpaid payroll taxes. Knowing our entrepreneurial style, the company’s trusted banker made an introduction. We put together a $200,000 line of credit facility which unclogged the financial spigots, paid the IRS, and provided additional cash flow for working capital.