Allied Affiliated Funding Provides $3 Million in Receivables and Inventory Financing

Allied Affiliated Funding, a division of Axiom Bank, N.A. is pleased to announce the following recently closed transaction:

$3,000,000 in Receivables and Inventory Financing to an Illinois-based company providing fleet graphics, decals and retail décor to large customers nationwide. An existing client of Allied received an acquisition opportunity with an assignment for the benefit of creditors sale and was seeking financing for the purchase, along with ongoing working capital for their operations and growth.  The auction timing was tight, and the company could not wait for more traditional bank financing. They needed a financial partner who could move quickly and finance both accounts receivable and inventory. Having working together for several years, the owner contacted Allied to help with a fast funding solution that included a 90% advance on accounts receivables as well as a 50% advance on their inventory, which could be used to complete the purchase for this new business. This Funding By Allied helped this business owner get to the finish line quickly, giving assurances so they could bid at the auction and win the deal. They were able to acquire a new company and keep people employed, while also helping to grow the business further into the future.

ABOUT ALLIED AFFILIATED FUNDING

Allied Affiliated Funding, a division of Axiom Bank, N.A., specializes in factoring and asset-based lending, providing credit facilities including accounts receivable financing, inventory, equipment, real estate and term loans. Allied Affiliated Funding partners with bankers, business brokers and other referral sources to create a win-win situation for customers. With over 27 years in business, Allied is one of the most highly respected, longest-tenured, factoring companies in the industry. Axiom Bank N.A., a nationally chartered bank headquartered in Orlando, Florida, serves the financial needs of its customers through a wide range of banking solutions and a commitment to exceptional service. The bank has a rich history dating back to 1963. By definition, “axiom” means “a universally recognized truth” – the name exemplifies the bank’s principles of truth, trust, value, convenience, and service excellence. Axiom Bank holds the SBA Preferred Lender status and specializes in commercial loans, treasury management and other merchant services. Axiom is constantly working to expand its services and products and provides consumer banking through 21 branches to conveniently serve local communities.

For more information about Allied, visit our website at www.FundingByAllied.com.