

A mass mailing company based in Illinois required credit accomodations to finance the acquisition of assets that were being sold by a trustee during the liquidation of assets of a predecessor in the context of an Assignment for the Benefit of Creditors.

Franklin Capital Network provided $1.9 million for the company to consummate the acquisition of the assets and requisite working capital; and, subsequently, provided an additional $500,000 for the acquisition of additional equipment.

Working with Franklin enabled this mass mailing company to resurrect their business and achieve 29% sales growth and meaningful profitability, even with tight cash flow during a period when many mass mailing companies closed their doors.
"We were in a difficult position as a start up trying to obtain financing through traditional sources. Franklin was willing to take a chance on us and help our cash flow. Franklin has had a tremendous impact on our being able to grow and prosper."
President,
Illinois-based
Mass Mailing
Company