Happy Halloween from your friends at Allied Financial. We like to remind you not to get spooked by those scary deals. Instead, refer them onto Allied and let us help turn them from a frog into a prince!
After suffering through a few difficult financial years, this erosion control company had its flow of cash come to a screeching halt when the company’s banker placed the credit in special assets. Struggling to get a good grip on the financial condition of the company and not wanting to let the opportunity slip away, a wise banker referred the owner to Allied Financial. We didn’t sit on the fence and quickly put a $1,000,000 working capital facility in place.
Watching as sales lit up, management of this early stage LED lighting company knew that the company would need a working capital line of credit to finance the growth. Realizing that a bank facility would be difficult to obtain, management explored other options. While strategizing, a light bulb went off in one of the owner’s head as he recalled a previous and successful relationship with Allied Financial. With large sales orders flashing before management’s eyes, Allied wasted no time as we brightened the day and approved a $250,000 line of credit.