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Craft Goods Distributor

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
“Partnering with Franklin has enabled us to grow because it’s a cash backup for our business. We can now produce our products because we know that we have the cash flow to pay for the goods.”

President, California-based Game Board Distributor