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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 were left in the lurch by our last financing company when they cancelled our $300,000 with little notice. Franklin has a consistent source of capital that is properly managed which makes us feel secure when we didn’t before.”

President, Illinois-based Logistic Company