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Textile And Apparel Manufacturer

Challenge

  • A textile and apparel manufacturer required credit accomodations to keep from shutting down. The national corporate finance company that had been providing factoring services began experiencing financial stress itself, and could no longer provide adequate working capital.
  • The manufacturer was forced to find an alternate source of immediate financing

Solution

  • In March 2009, Franklin Capital provided a stitch in time – $1.3 million in credit accommodations
“Now that times are rough, we don’t have to worry about cash flow which gives us a lot of security.”

President, North Carolina Pool Table Manufacturer