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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, andĀ 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 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