Allied Affiliated Funding Announces Closed Transactions

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

$500,000 in receivables financing to a Texas-based company that provides staffing services, primarily to the oil and gas industry. To help start their business and take on new customers and orders, this staffing company needed a working capital line to be able to meet payroll while waiting for their customers to pay. After not being able to obtain financing through another lender they were familiar with already, the company was referred to Allied to help them set up a new factoring facility quickly, so the owners could meet payroll. This Funding By Allied helped these new business owners start their first business, becoming entrepreneurs. They were able to accept orders with new customers and launch their business.

$150,000 in receivables financing to a Texas-based company that provides steel fabrication, including sheet metal bending, laser cutting and plastic injection/heat molding for manufacturing companies. To continue growing with their customers and new orders, this steel company needed a working capital line to be able to take on larger orders and help gradually grow. The company was referred to Allied to help them set up a new factoring facility quickly, so the company could begin work on their new orders. This Funding By Allied is helping this family owned business by allowing them to have the working capital to accept new and much larger orders to help them grow.

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.