Advanced Onion Secures Line of Credit with Wells Fargo

MONTEREY, Calif.–(BUSINESS WIRE)–#SLED–Advanced Onion, Inc. (AO) received a $4 million channel finance line of
credit from Wells Fargo Capital Finance to help meet the strategic needs
of this rapidly expanding, premier technology solutions provider. With a
growth rate of over 180% in 2015, AO continues to mature as a Service
Disabled Veteran Owned Small Business (SDVOSB) and California certified
Disabled Veteran Business Enterprise (CA DVBE) headquartered in
Monterey, California.

“Advanced Onion is doing great things in the government space,”
said Brett Zimmerman, Director of Business Development at Wells Fargo
Capital Finance.

Advanced Onion specializes in systems integration, cyber security and
personnel identity management. They deliver unique services to
government and commercial customers with a focus on Federal, State and
local governments, all in need of quick turnarounds for highly
progressive projects.

Paul Temple, CEO of AO stated, “This credit facility provides AO with
flexibility as well as autonomy to deal direct with manufacturers and
distribution partners in order to achieve better terms.”

The Business Development executives at AO went on to explain that with
financing already in place, it enables greater efficiencies in the
procurement process. As a Value Added Reseller (VAR) in both Federal, as
well as State, Local and Educational (SLED) arenas it allows AO to gain
favorable payment terms with suppliers and original equipment
manufacturers (OEMs). In the SLED space some suppliers don’t use
distributors and don’t finance new partners, with nearly all
transactions are well north of $1M, making this line of credit a notable
asset to creating rapport with these organizations.

As AO pushes forward to remain on the forefront of cutting-edge
technologies they feel privileged and honored by the level of support
from Wells Fargo. Zimmerman goes on to say, “The [AO] management team
is great to work with and very knowledgeable of the industry. Wells
Fargo is really excited to further support the company’s business
endeavors.”

Contacts

Advanced Onion
Mia Medeiros, 415-465-0075
Director of Marketing
mia@advancedonion.com