Needing a line of credit to support growth, management of this general contractor approached their banker. The banker wasn’t able to construct a suitable deal but wisely referred management to Allied Financial. Using our financial toolbox, we hammered out a $100,000 line of credit which was the perfect blueprint for success. The banker proved to be the hero for guiding management to Allied and naturally retained the remainder of the relationship.
This manufacturer of outdoor lighting fixtures had the bright idea to lower its financing costs charged by its factoring company. Not quite ready for the banking environment, the company’s banker lit the path over to Allied Financial. We were able to both reduce the company’s financing costs and provide a larger line of credit by offering a $500,000 working capital loan. Once again, the bank retained the rest of the banking relationship.