Keeping this Distributor on Track
Running on high octane from enormous growth, this oil and gasoline distributor reached out to its long-time banker for a line increase. Knowing the road to credit committee would be slippery and not wanting to lose any traction, the banker referred the owner to Allied. We quickly recognized that the company was in the fast lane and needed more than the requested $1,000,000 line of credit. At our first meeting, we proposed a $1,500,000 credit facility. The banker put us in the driver’s seat but was happy to stay in the credit by participating in our loan. Gushing with excitement, the owner was pleased to get back to building his company. Another WIN, WIN, WIN!!
Avoiding Distractions
Cash flow was becoming a distraction for this security guard company as it added several large contracts. Handcuffed by several challenges, the company’s banker was unable to help but knew that we would lookout for the borrower’s best interests. The entrepreneur was an open book and revealed all of the company’s past hiccups. Feeling confident and secure that there were no lurking surprises behind the door, we approved a $150,000 line of credit which we put in place in less than a week. The timeliness of our line enabled the borrower to focus on his business instead of worrying about working capital.
Send us your turn downs, and let us help you ADD DEPOSITS while WE TAKE THE CREDIT RISK
We finance SERVICE COMPANIES, MANUFACTURERS, DISTRIBUTORS, AND CONTRACTORS.
CREDIT LINES FROM $25,000 TO $2,000,000 FOR ALL TYPES OF COMPANIES.