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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 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