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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
“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