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Game Board Distributor

Challenge

  • CA based game board distributor was short of working capital, which limited its opportunities for growth. In addition, its overseas supplier relationships were becoming increasingly difficult, because of slow payments

Solution

  • The distributor turned to Franklin Capital for a combination of Accounts Receivable and Purchase Order Financing
  • In addition, Franklin Capital provided a Letter of Credit to the Distributor’s vendor that incorporated product specifications, delivery conditions and quality control requirements, thus helping control risk

Result

  • Franklin Capital’s financing enabled this distributor to thrive and diversify in a business environment in which many toy/game distribution companies are suffering
  • Specifically, Franklin’s Purchase Order Program allowed the distributor, through Letters of Credit issued to its suppliers, to make its payments contingent on the performance of its suppliers, therefore, substantially mitigating a significant risk for the distributor

“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