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Mass Mailing Company

Challenge

  • A mass mailing company based in Illinois required credit accommodations to finance the acquisition of assets that were being sold by a trustee during the liquidation of assets of a predecessor in the context of an Assignment for the Benefit of Creditors

Solution

  • Franklin Capital Network provided $1.9 million for the company to consummate the acquisition of the assets and requisite working capital; and, subsequently, provided an additional $500,000 for the acquisition of additional equipment

Result

  • Working with Franklin enabled this mass mailing company to resurrect their business and achieve 29% sales growth and meaningful profitability, even with tight cash flow during a period when many mass mailing companies closed their doors

“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