Significant growth caused this second generation clothing wholesaler to stretch its vendor credit limits. The company’s bank had already tightened its belt but wisely referred management to Allied. We quickly sized up the situation and provided a $1,500,000 line of credit providing the perfect fit to assist with the fulfillment of the company’s new orders.
As this early stage IT Consulting company began experiencing high speed growth at a pace quicker than its cash flow could process, management approached the bank for a line of credit. Due to a lack of history and profits, the banker had to pass. She re-booted management’s hopes by referring the deal to Allied. We quickly decoded the challenges of the credit and installed a$250,000 working capital facility.