Tag Archives: Affiliated
Allied Affiliated Funding Provides $3.5 Million Working Capital Facility
Allied Affiliated Funding is pleased to announce the details of another “Funding By Allied”, further strengthening Allied’s presence in the Texas market where they are headquartered, although they provuide factoring services nationwide:
Date Funded: 11/18/10
Facility Amount: $ 3,500,000
The Company: This company is a Texas based telecommunications construction and engineering firm. They provide equipment installation, engineering, structured cabling, staffing and networking services for companies such as Verizon (i.e. cable lines for FIOS).
The Issue: This company was a previous client of Allied who obtained a bank line of credit in mid-2009. Since that time, internal management changes materially affected the paperwork and billing practices within the business, ultimately causing a significant portion of their receivables to age over 90 days. These aging amounts adversely affected the companys borrowing base with their bank due to cross aging, and consequently, the bank requested that the company seek alternative financing. In addition, the company has not received payments on these old invoices which has put an additional cash strain on the business.
The Solution: In the 2nd quarter of this year, the company brought in a turnaround management company, and they have been working diligently to clean up the aging receivables and/or work on a settlement agreement for those old amounts that remain unpaid. Allied was brought back into the transaction to provide funding on the current invoices with a partial pay down to the bank line of credit. The company was able to structure a long term pay out on the remaining balance owed to the bank over the course of a year.
The Win: This “Funding by Allied” will enable the company to meet their ongoing working capital needs, and it will also allow them to continue focusing their efforts on turning around the business.
For more information on our innovative factoring solutions, please visit our Web site at www.FundingByAllied.com.
Remember, when you see a business prospect positioned for growth, but one that lacks sufficient funding to realize their full potential, our services may be their funding solution. Let Allied Affiliated Funding transform your options and theirs by giving your prospects and customers the wings to fly.
To learn more about Invoice Factoring visit Allied Affiliated Funding
More Affiliate Marketing Articles
Prof George Tesar: Strathclyde University Affiliated Researchers And External Associates
Prof George Tesar. University of Umea, Sweden. Ume School of Business, Ume University, 901 87 Ume.
Current position / Job Summary Professor of Marketing and International BusinessTeaching Area Marketing Management, Strategic Marketing, Product Development and Management, Business Research Methods, Marketing Theory, International Marketing, Research in Marketing, and Marketing Theory.Research Area Internationalization of smaller manufacturing firms, executive education in science and business management, technology transfer, and new product management.Awards / Honours 2004 Product Development and Management Association’s Execellence Award; Life Member, Western Society of Engineers; Past Board member, Society of Automotive Analysts and Product Development and Management Association; Past member, Wisconsin International Trade Council.Other Merits Chair, Academic Board, Brno International Business School, Czech Republic. Visiting Professor, Aalborg University, Denmark; Brno Technical University, Czech Republic; Czech Management Center, Czech Republic; and Helsinki School of Economics, Finland. Seminars and lectures, University of Oulu, Finland; University of St. Gallen, Switzerland; University of Turku, Finland; University of Vaasa, Finland; University of Veszprem, Hungary; Arnhem Business School, Netherlands; Swedish School of Economics and Business Administration, Helsinki, Finland; University of Calgary, Canada.
The University is right at the heart of Glasgow – Scotland’s biggest and most cosmopolitan city. The city centre has a vibrant arts scene, cutting-edge music, legendary nightlife, an exciting selection of places to eat out and much more. So studying at Strathclyde goes hand-in-hand with having a great time.
Inter-campus bus service. There’s a regular shuttle bus between the John Anderson Campus and the Jordanhill Campus.
Seeing more of Glasgow. There’s a lot to see in and around Glasgow – stately homes and museums like the Burrell Collection and Kelvingrove Art Gallery & Museum are unmissable. And with Loch Lomond just half an hour away there’s plenty of breathtaking scenery to enjoy too. Glasgow also has great shopping and inspiring architecture – why not take a look at www.glasgowarchitecture.co.uk and www.scotcities.com to get some ideas?
As the biggest city in Scotland and the third biggest in Britain, Glasgow has excellent national and international transport links. And it’s easy to get around once you’re here too. This section gives you all the information you need to find us – and some hints on what visitors should see in Glasgow.
Live music. Glasgow is home to many bands that are now international names and there’s loads of new talent coming out of the city’s live music venues. So whether you are into rock or indie, punk or even country music, there’s a place where you can give your eardrums a treat.
High culture. As well as its thriving street culture, Glasgow has more than its fair share of high culture, with a year-round programme of arts and music. There are over 20 museums and galleries, and the city is home to Scottish Opera, the BBC Scottish Symphony Orchestra and Scottish Royal Ballet.
Green spaces. People visiting Glasgow for the first time are often surprised at the amount of green space in the city centre – all the 19th-century landscaped parks and gardens are the perfect balance to the urban pace of life.
Sporting highlights. With a keenly contested rivalry between the country’s two top football teams – Rangers and Celtic – an international stadium at Hampden and hosting the Commonwealth Games in 2014, Glasgow has a rightful claim to be Scotland’s sporting capital.
The Highlands and Islands. With so much to do in the city centre, it’s a wonder anyone finds time to venture out further – but with the highlands and islands less than an hour away, it’s too tempting to resist.
Strathclyde is a great place to study and enjoy life at the same time. And this is where you can find out everything about us – from how we teach, to what’s on in Glasgow and how to get around. We want to help you make the most of your time here, so we hope you’ll come back to these pages to get all the latest news about what’s happening on campus and in and around the city.
Strathclyde is a great place to study and enjoy life at the same time. And this is where you can find out everything about us – from how we teach, to what’s on in Glasgow and how to get around. We want to help you make the most of your time here, so we hope you’ll come back to these pages to get all the latest news about what’s happening on campus and in and around the city.
Find More Affiliate Marketing Articles
