Franklin Capital is pleased to announce the completion of a factoring facility for a non-profit staffing firm.
A former client reached out because they were experiencing cash flow difficulties similar to what previously led them to Franklin Capital. The non-profit staffing firm needed a short-term facility. They needed working capital to help cover their payroll and expenses while they waited for a delayed payment from their primary payer.
Franklin Capital successfully provided the company with an $800,000 undisclosed factoring facility allowing them to make payroll and cover their expenses.
“This is the second time Franklin Capital helped us cover our payroll and pay our expenses when our accounts receivables were not coming in quickly enough. The financing allowed us to continue to provide an essential service even when we experienced a cash flow shortfall. Each time they have made the process simple and easy. Their requests are quick and concrete and their customer service is very helpful,” commented the non-profit staffing firm CEO.
The financing from Franklin Capital was the flexible short-term funding this company needed to continue to provide services to its clients.
“When past clients reach out for additional funding, it is evidence of Franklin’s exemplary customer service. Additionally, our dedication to our key values, including transparency, responsiveness, and thoroughness. We were so pleased to work with this amazing company for a second time. It is wonderful to help them continue to provide their much-needed services,” commented Sue Duckett, COO, 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.
For additional information, please visit www.franklincapitalnetwork.com