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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 talked to other factoring companies. They weren’t as straightforward or professional. They were unscrupulous. Franklin was upfront and gave us plenty of references which some of the other companies were unable to do.”

President, Illinois-based Staffing Company