Tag Archives: Working
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
Discover How To Make Money Working Online As An Affiliate!
If you are looking for ways to make money working online, Affiliate Marketing is one of the simplest. The basics are that the Affiliate promotes a merchant’s product(s) through their own website, via links through to the merchant’s own website. Any sales generated via the Affiliate’s website will result in a commission.
In Affiliate Marketing, both parties, the merchant and the Affiliate, benefit from the agreement that they have entered into. For the merchant, it gives him a far wider market in which to advertise his products. It will give his product or service greater exposure than it would get with other advertising techniques. A merchant will have a number of Affiliates working for him, the more affiliates he has, the more exposure his product will get, resulting in increased sales. Affiliate Marketing is attractive to a merchant because he is only paying for his advertising once he has made a sale.
For yourself, the Affiliate, there are also many benefits, the main one being the profits that you can earn. By having a link or advert on your website, giving benefits of the merchant’s product, you will get interested parties clicking on the link through to the merchant’s site, hopefully resulting in a purchase. Once the customer has completed the transaction you will receive a commission. The more people that you attract to your site to make a purchase, the more commissions you will receive.
Affiliate Marketing is a superb way to make money working online from the comfort of your home. All you need to start with is a computer and internet connection. There are no production costs because the merchant supplies the products. All you have to do is to direct as many prospects as possible to the merchant’s website. It costs nothing to join an affiliate program so start-up costs are minimal.
To get the most out of Affiliate Marketing it pays to set up a number of Affiliate sites. There are thousands of products out there that you can choose from. The more you promote the bigger the earning potential for your business.
To achieve optimum results it is worth investing in some structured training, which can increase the profitability of your business in a much shorter time. By investing a relatively small amount at the outset you will save yourself a great deal of time by learning through the experience of others who have already learned how to make money working online.
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