Finding funding for UK-owned businesses with US subsidiaries can be very challenging.
Franklin Capital has the expertise to successfully fund UK-owned companies incorporated in the US and Canada.
Franklin Capital provides Factoring and Purchase Order Financing.
Sue Duckett, COO, a native of the UK who has decades of experience helping businesses with foreign ownership and has an understanding of UK laws, leads our experienced team.
Common challenges UK-owned businesses face when seeking funding for their US subsidiaries:
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- US lenders may require personal guarantees from a US citizen or legal resident without which a loan may be denied.
- Many US lenders do not have essential UK contacts: e.g., US lenders do not know where to find information necessary to close loan transactions. This can create challenges and cause delays in closing these lending transactions.
- Many US lenders do not know UK funding options; these lenders are unable to provide valid comparisons between financial products being offered in the UK and US.
- US lenders often request information on the UK company that does not exist in the UK. Overcoming this obstacle often proves to be daunting.
The expertise and experience of Franklin Capital staff facilitates expeditious funding of UK-owned businesses with subsidiaries in the US and Canada. Challenges are overcome, funding is provided.
Financial products available to UK-based businesses:
Factoring
We provide up to 90% of your invoices with same day funding.
Purchase Order Financing
Advancing up to 100% of the cost of products to fulfil customer orders.
Successful funding for a UK-headquartered piping supplier
A well-established UK-headquartered piping supplier was attempting to establish a stand-alone operating subsidiary in the US. The US subsidiary did not have adequate capital to accept and fulfill several large new purchase orders from its customers. US lenders declined to provide financing because most of the parent’s business was located in the UK.
The Solution
Franklin Capital provided the US subsidiary with a USD$1,000,000 factoring facility that allowed the US subsidiary to accept the large contracts and grow their US based business.
“After struggling to get support from our corporate bank due to the size of our business, we were referred to Franklin Capital. They have helped us with short-term financing to bridge our cash flow. We have found it easy to work with Sue and her team to set up the facility, which has offered great flexibility. Since Franklin is not a large bank, I feel they have truly been able to take an interest in our business, and I know I can always pick up the phone to speak directly with someone,” stated the Operations Director, for the UK headquartered piping supplier.
With the financing from Franklin Capital, the company now has the short-term cash flow they need. They expect to be in an excellent position to grow their business.
“We were excited to have the opportunity to help this amazing international company. Franklin’s experience helping companies headquartered outside the US access customized financing programs was key to this successful partnership. Our experience allowed us to provide them with the financing they need to grow their US business,” commented Sue Duckett, COO, Franklin Capital.
In Our Clients Words
Franklin Capital is your funding solution for UK-owned businesses with subsidiaries in the US and Canada.
Give us a call today at 001-847-579-4780, schedule a call with one of our finance professionals or request a quote and let our international experts help you grow your business.