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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’re a small company and we don’t have the cash laying around to finance all of our purchase orders. Our relationship with Franklin allows me to focus on my business. I wear a lot of hats in my business and now I don’t have to wear the hat of financing my business.”

President, Southern California Fashion Designer and Distributor