Allied Financial Group
Client Reviews on Allied Financial Group
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I took almost two years to write this review. Want to make sure I review this company more rationally.Small business owners!!! Make sure you are very careful before signing those closing documents. A .75% every 15 days would turn into an average of 30% APR. On a rotating factoring loan of $200000 you will end up paying around $70000 in finance costs. They think they are helping you to grow. I think I was very fortunate to survive their onslaught.Then they will teach you how to run your business. Interfere beyond your control, dictate terms of how you business needs to be run. They will call you, subtly blackmail you freeze your operational cashflow and make your life miserable. It takes considerable amount of time to manage this relationship (for me it costed more than 50% of my time and 90% of peace of mind).Right now I work with another factoring company. Very professional, non interfering, peaceful and what more.... it costs 18% per anum. It costs me around $40000 to carry the loan for the same term of 14 months. A valuable $30000 saving with absolute peace. If you wish to work these guys, carefully read your documents and lay your terms clearly. Make sure they don't interfere in your business and act like your bosses. Otherwise you will be working for these guys rather than running your own business. On the day of closing my loan they would charge me an additional $1500 without any communication. Be careful and watchful....Good Luck. I am giving these guys 2 Stars considering that small element of their claim they helped my business. To a small extent that is true, GOSH...it came at enormous personal and financial cost.
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Didnt want to work with me on a car that got messed up due to mechanical issues. Wanted to charge way to much to repair the car. I wouldn't never recommend this company to anyome ever again.
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Scammers: identity thieves. Call with urgent message regarding fake credit debt. Need Social Security number to clear up. Staticy phone calls with operators who speak broken English. Based in Atlanta but phone calls are filtered through cities all over the USA. Do not provide or confirm any information during these falsely alarmist calls. Report to federal or local law enforcement for attempted identity theft.
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I have worked with Steven Gold and Pete Maglione for almost 20 years at two different banks. I have come to appreciate the professionalism and care they take with each of their clients. As a banker, Allied is my "go to" resource for working capital needs that may not fit traditional bank financing. The folks at Allied Financial serve not only as trusted advisers to their clients but to most of the bankers in the Atlanta market. Steven and Pete view every client and prospect they work with as an individual who has a unique situation and a need for customized solutions. In fact, they know every situation is different from the last, which is why they meet clients face to face, understand their needs and provide answers as to HOW instead of WHY NOT.As a manager of a team of Commercial Bankers at Synovus, we have incorporated Allied Financial as a part of our team and a potential solution for our clients. You will not receive better follow-up, diligence or responsiveness in the industry than from the team at AFC.If you are looking for "best in class" service and a true partner for the financing of your business, Allied Financial Corporation should be your starting point.
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As the CEO for Raffino Inc., aka Raffino LED Lighting, I engaged the services of Allied Financial Corporation to help me fund and manage our cash flow since we were a rapidly growing company in the LED lighting industry. Working with Allied Financial Corporation went smoothly from the initial consultation to the processing of the paperwork and subsequent funding. Furthermore, the employees at Allied Financial Corporation took the time to learn about the business I was in. Because they understood my business, they were able to offer me professional advice on a variety of topics like “where and how to obtain receivables insurance” for example, to help protect our revenue stream. Allied Financial Corporation’s financing solutions were also scalable, which was an important consideration for a growing company like ours. If you’re looking for a strategic financial partner with professionalism and integrity, in my experience you won’t find a better company than Allied Financial Corporation.
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I've worked with Pete and Allied several times in my capacity as a banker and have always been impressed with their service.
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I had an excellent relationship with Steven Gold and the Team at Allied as they helped us grow our company by financing our receivables for rapid growth in revenue, staffing and gaps in cash flow. After three years of rapid growth we sold our company. Much of our success we attribute to working with Allied without having to give up equity to investors in the process. Allied is a family business that cares about you, your company and your success. It's a tremendous partnership and I highly recommend that you consider Allied. Thanks Team!
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Allied Financial Corporation is my go to resource for financing Entrepreneurs! I have a strong partnership with Steve Gold (President & CEO) and Pete Maglione (Senior Vice President). My relationship with these two professionals dates back 20 years, and they both have always taken excellent care of every client referral. If you are an Entrepreneur, or know an Entrepreneur that has been turned down for traditional financing due to being highly leveraged, having past losses, new start up firm, working through a turnaround situation, facing tax liens and tax delinquency, or facing Chapter 11, Allied Financial Corporation can customize a viable solution for the scenario. Give Steve or Pete a call and let Allied try to assist!
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We had worked with two different factoring companies before being introduced to Allied Financial. Without a doubt, factoring your receivables is an excellent way to increase cash flow, however, having to provide monthly data back to the factoring company utilizing their KLUDGE reporting system can drive you to madness. With one factoring company, we could NEVER reconcile to what their numbers said and it was a 30 minute dissertation from them on how to reconcile numbers. In fact we got a number of answers as to why the numbers would not reconcile and each and everyone of them was different. Absolutely MIND NUMBING!!We worked with Allied Financial for a few years and they were a great partner. They were quick to respond to our needs and it felt like they were a true partner in providing the necessary working capital assistance for our growing company. Their assistance helped put us in a position to successfully build and transition back over to a traditional bank. The line of credit and reporting requirements were extremely easy to use and flexible. From top to bottom, everyone at Allied was a pleasure to work with. We would definitely recommend them to other entrepreneurs.
Feedback:
Steven Gold and his entire team truly care about their clients and helping them grow their businesses. The company specializes in asset based lending and accounts receivable financing, and if you need help expanding your business and getting to that next level, talk to Steven or Pete. They are the experts. Highly recommend!
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