Grow Your Business Today
(847) 579-4780

Game Board Distributor

Challenge

  • CA based game board distributor was short of working capital, which limited its opportunities for growth. In addition, its overseas supplier relationships were becoming increasingly difficult, because of slow payments

Solution

  • The distributor turned to Franklin Capital for a combination of Accounts Receivable and Purchase Order Financing
  • In addition, Franklin Capital provided a Letter of Credit to the Distributor’s vendor that incorporated product specifications, delivery conditions and quality control requirements, thus helping control risk

Result

  • Franklin Capital’s financing enabled this distributor to thrive and diversify in a business environment in which many toy/game distribution companies are suffering
  • Specifically, Franklin’s Purchase Order Program allowed the distributor, through Letters of Credit issued to its suppliers, to make its payments contingent on the performance of its suppliers, therefore, substantially mitigating a significant risk for the distributor

“We’re still trying to get our head above water and still struggling to get to a place where we can survive on our own. Franklin Capital helps us get through the peaks and valleys with their receivable financing.”

President, Illinois-based Machinery Manufacturer