Franklin Capital Provides A/R Financing Facilities to a PPE Supplier and an IT Equipment Supplier.
Franklin Capital is pleased to announce the completion of two new Accounts Receivable Financing facilities.
A $1,000,000 Accounts Receivable Financing facility to a supplier of personal protective equipment (PPE).The business previously sold to numerous food stores and, in response to the pandemic, set up a new company to provide hand sanitizer to help fill the national shortage.
The facility gives them the ability to provide credit to their customer base as well as continuing to bring in new products from their suppliers.
A $3,000,000 Accounts Receivable Financing facility to a UK based IT Equipment Supplier. The company needed funding to start a US subsidiary, supplying IT equipment to Amazon for their distribution centers. It was difficult for the company to find a lender for the US subsidiary because it was owned by a UK based company.
Franklin was able to overcome those issues and successfully provide them with the funding they needed to get the US subsidiary started.
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.