Franklin Capital is pleased to announce the completion of a $1,000,000 factoring facility for a UK headquartered construction consultant.
A UK-based construction consultant was working with Branta, a corporate finance advisory practice, to grow their US operations. They lacked the working capital to operate independently of their UK headquarters. It had been difficult for them to secure the financing they needed because their main business was in the UK.
Branta connected them with Franklin Capital, and they successfully provided the company with a $1,000,000 factoring facility.
“Accessing the US funding market has traditionally been difficult for small and medium-sized businesses from the UK. However, with the right team working for them, this company was able to achieve the funding sources it required,” stated Chris Ray, Director at Branta.
The factoring facility from Franklin Capital allows them to be self-financing to fund expansion in the US and beyond. By utilizing their US debt capacity, they can support growth in their other territories at the beginning of their profit-generating journeys.
“We are excited to have the opportunity to help this amazing international company. Franklin’s experience helping companies both in and outside the US access customized financing programs was key to this successful partnership. Our experience combined with our partnership with Branta allowed us to provide them with the financing they need to grow their US business,” commented Sue Duckett, Executive Chief Operating Officer at Franklin Capital.
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.