Attempting to expand too quickly, a minority-owned staffing company with annual revenues of $4 million exhausted its working capital line of credit with a local bank.

The company fell behind in its tax obligations and faced Federal and state tax liens.

Based on the company's invoices, Franklin Capital Network issued a credit accomodation of $350,000.

Franklin Capital also assisted in obtaining a tax lien subordination agreement with the Illinois Department of Employment Security and negotiated an intercreditor agreement with their bank.