Franklin Capital Partners with a Bank for a $750,000 Factoring Facility
An eco-friendly chilled packaging company needed financing to increase their working capital availability and fulfill orders to food delivery companies and stores such as Freshly and Hello Fresh. First, they turned to their local bank, which was unable to provide them with financing at the current time. The bank introduced them to Franklin Capital.
Franklin Capital was able to successfully provide the company with a $750,000 factoring facility.
“I received a call from a CEO of a former borrower from twenty years ago who was looking for a working capital line for a west coast cold packaging company. After determining it was too small for our current ABL portfolio profile, I referred them to Franklin Capital. I knew three things given our relationship with Franklin. First, they would be very responsive to us and the prospect. Next, they would be solution-driven in their response, and the size profile was a good match. Last, with Franklin’s help, the company had a good chance of growing over the next few years, and both Franklin and the borrower would look to us to be their next financing source. After a matter of a few weeks, Franklin funded the transaction, and they are off and running,” commented the lender at top tier Bank in Chicago.
About Franklin Capital
Franklin Capital has been helping small to medium-sized businesses meet their cash flow needs for over 25 years by providing accounts receivable, purchase order, international, machine, and equipment financing, all with quick responses – because with Franklin, you can speak directly to the decision-makers! From start-ups to fast-growing companies, or companies experiencing financial difficulties, we provide the financing companies need when they need it.
For additional information, please visit www.franklincapitalnetwork.com