Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

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
“I am very pleased at the relationship we’re building with Franklin. Their account managers are very professional and work really well together with my staff.”

President, California-based Textile Manufacturer