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Machine Parts Manufacturer

Challenge

  • The credit crunch was choking productivity for a manufacturer of parts that serviced large industrial machining companies. They had an urgent need for funding to update their┬ámachinery

Solution

  • Franklin Capital issued a $150,000 credit accommodation within ten days and subsequently provided a $60,000 overline accommodation
“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