Allied Affiliated Funding February Update

In January 2010, Allied Affiliated Funding provided working capital facilities for the following companies:  $300,000 to a consulting firm based in Alexandria, VA that provides technical services and solutions to the wireless industry; $2,000,000 to a high-end computer workstation manufacturer in Austin, TX; and $2,500,000 to a fuel oil distributor in Brooklyn, NY.  

Allied is a nationwide, commercial finance company founded in 1992, specializing in factoring accounts receivable, generally for businesses that do not qualify for traditional bank financing.  Allied currently partners with more than 30 banks nationwide to provide a highly tailored, “turn key” process that allows banks to provide an alternative lending solution to their clients or prospects who do not, for various reasons, meet the bank’s credit criteria.

Allied is headquartered in Dallas, Texas with additional sales offices located in Louisiana, Alabama, Pennsylvania and New York.  Allied's key focus is on owner-managed businesses in a variety of industry sectors (including technology, telecommunications, staffing, manufacturing and oil field services) with annual sales ranging from $1.0 to 60.0 Million and monthly working capital needs ranging from $100,000 to $5.0 Million.