Receiving a signal that its projects were about to double, this cell tower service and maintenance company approached its banker for a traditional working capital line of credit. Unfortunately, the banker received static from the underwriting department and had to drop the bad news that the loan request would be denied due to an issue with significant customer concentrations as well as inconsistent annual revenues. Hearing the business owner’s challenges and understanding the company’s bright future, the banker made the connection to Allied. At lightning speed, Allied approved a $500,000 line of credit on the spot – making the banker the clear go to source for all of the company’s financial needs. Another Win Win Win!
And
This recently formed commercial painting company found itself coated in new jobs. The owner realized that obtaining bank financing would be a messy task. The company’s banker was quite candid that the company’s short history was too much of a blank canvas. Knowing that Allied attempts to find a pretty picture in most every situation, the banker connected the dots and made the introduction. Our ability to make quick commitments allowed us to stroke a proposal letter for $150,000 on the spot, and we were able to fund the company within a week. The referring bank retained the remainder of the banking relationship!