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Success Stories

Challenge

  • A once thriving craft goods distributor was suffocating under the weight of its massive inventory in a sluggish economy
  • Their bank cancelled the company’s line of credit, leaving them on the brink of shutting down

Solution

  • Recognizing the strength of the company’s assets, Franklin provided credit accomodations of over $600,000 on receivables and $500,000 on inventory to meet daily cash flow while the company transformed its core business

Result

  • In the two years working with Franklin, the company has gone from impending closure to reinventing itself and is prospering in a time of economic turmoil
“We’re a small company and we don’t have the cash laying around to finance all of our purchase orders. Our relationship with Franklin allows me to focus on my business. I wear a lot of hats in my business and now I don’t have to wear the hat of financing my business.”

President, Southern California Fashion Designer and Distributor