On the verge of extreme growth, this waste management company realized that they would be throwing away equity by bringing in additional investors. Management decided to seek debt financing and conferred with a trusted corporate attorney. The attorney wasted no time in referring management to Allied. We quickly swept up the opportunity by putting the finishing touches on a $1,250,000 line of credit.
After adding on several new accounts, this commercial janitorial services company found itself with a working capital mess. Sloppy personal credit coupled with a lack of consistent profitability forced the company’s banker to decline the request for a line of credit. The banker had the bright idea to refer management to Allied. We provided the working capital solution and committed to a $150,000 line of credit at our very first meeting. The referring banker kept the remainder of the banking relationship.