This early stage metal fabrication shop had all of the contracts to quickly grow their business but realized that in order to seamlessly increase sales the company would require working capital. Challenged by severe personal credit issues combined with a lack of financial history, their banker knew they would not be able to smooth over credit committee so she referred them to Allied. We met with the owner and sized up the operation and were able to put together a $100,000 revolving line of credit. The banker was thrilled with the outcome – not to mention the bank kept the remainder of the banking relationship!
With an approaching expiration date from their existing lender, this IT Consulting Company specializing in data management needed more money and flexibility than their current loan structure was able to provide. They turned to their bank for guidance. The owner was well aware that his aggressive working capital needs would overload the bank’s comfort level and asked if they could recommend another option. The banker counseled his client on partnering with a reputable lender and without hesitation recommended Allied. Allied visited with the company the next day and quickly formulated a $700,000working capital line of credit. The banker solidified his value to the customer and retained the depository and treasury management relationship!