Business Financing Success Stories
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Franklin Capital helps small to medium-sized businesses across all industries get the business financing they need. Here are just a few of the many success stories we have contributed to for the past 25+ years.
CREATIVE STUDIO DESIGNING AND BUILDING THEMING, PROPS, STRUCTURES AND MORE
Accounts Receivable Financing
Challenge
Due to many factors, they needed to increase their working capital. They were seen as non-bankable by their local banks due to the uniqueness of their industry, lack of established business credit, and the way they invoice is slightly non-traditional.
Solution
They used the working capital to grow the business, attract key team members and buy equipment. Notably, they have grown from 18 to 65 employees and are moving towards being bankable.
SUPPLIER OF PERSONAL PROTECTIVE EQUIPMENT (PPE)
$1,000,000 Accounts Receivable Financing
Challenge
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.
Solution
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.
WHOLESALE PRESCRIPTION DRUGS DISTRIBUTOR
$1,500,000 Accounts Receivable and Purchase Order Financing
Challenge
The company recently obtained accreditation that increased their sales dramatically. The large orders they were receiving were outgrowing their working capital, and they had not been in business long enough to obtain bank financing.
Solution
The financing from Franklin Capital has allowed them to fulfill their large orders and grow extensively.
CRAFT GOODS DISTRIBUTOR
$1,100,000 Accounts Receivable and Inventory Financing
Challenge
A once thriving craft goods distributor was suffocating under the weight of its massive inventory. Their bank canceled the company’s line of credit, leaving them on the brink of shutting down.
Solution
In two years of working with Franklin Capital, the company has gone from impending closure to reinventing itself and is prospering.
FASHION DESIGNER & DISTRIBUTOR
$1,000,000 Purchase Order Financing
Challenge
A start-up designer and distributor required Purchase Order Financing to import finished boots from China for sale in North America and Europe.
Solution
The financing Franklin Capital helped them secure allowed the company to get their feet off the ground.
TOY COMPANY
Accounts Receivable Financing
Challenge
Kaskey Kids was a relatively new toy company when Christy and her husband found themselves spread thin with not enough time in the day. They knew they needed help with cash flow and collecting on invoices so they could focus on design, sales, and growing their business.
Solution
Franklin Capital streamlined the invoicing and collections process for them and their customers, providing them with reliable cash flow. After several years all of these successes have allowed them to outgrow the need for cash flow assistance from Franklin Capital.
TEXTILE AND APPAREL MANUFACTURER
$1,300,000 Accounts Receivable Financing
Challenge
The manufacturer needed financing to keep them from shutting down. Their financier could no longer provide working capital, which forced them to find an alternate source of immediate financing.
Solution
Franklin Capital was able to step in and offer them the factoring facility they needed allowing them to stay in business.
APPAREL DESIGN FIRM
$200,000 Accounts Receivable Financing
Challenge
While this company possessed an exquisite eye for detail when it came to producing screened and embroidered apparel, their operations were gravely endangered by inadequate working capital.
Solution
Franklin Capital provided financing to fund operations and continues to manage and fund the company’s A/R allowing the company to purchase from suppliers and business is booming.
STAFFING COMPANY
$350,000 Accounts Receivable Financing
Challenge
Attempting to expand too quickly, the company exhausted its working capital line of credit with a local bank. The company fell behind on its tax obligations and faced Federal and State tax liens.
Solution
Franklin Capital provided factoring against their invoices. We also assisted in obtaining a tax lien subordination agreement.
MACHINE PARTS MANUFACTURER
$1,210,000 Accounts Receivable and Machinery and Equipment Financing
Challenge
The credit crunch was choking productivity for a manufacturer of parts that serviced large industrial machining companies. They had an urgent need for funding to update their machinery.
Solution
Franklin Capital provided them with immediate factoring within three days and additional financing against their machinery and equipment two months later allowing them to update their machinery and take on new orders.
MASS MAILING COMPANY
$2,400,000 Accounts Recievable Financing
Challenge
The company needed financing to acquire assets that were being sold by a trustee during the liquidation of assets of a predecessor in the context of an Assignment for the Benefit of Creditors.
Solution
Franklin Capital provided factoring that enabled the company to resurrect its business and achieve 29% sales growth and meaningful profitability.
PRINT BROKERAGE FIRM
$2,000,000 Accounts Receiveable Financing
Challenge
A print broker was offered a contract for a very large new job that was well beyond the company’s financial resources.
Solution
With financing from Franklin Capital, the company was able to grow by accepting this contract and dramatically increasing the trajectory of sales.
GAME BOARD DISTRIBUTOR
$1,000,000 Accounts Receivable and Purchase Order Financing
Challenge
The distributor was short of working capital, which limited their opportunities for growth. Additionally, its overseas supplier relationships were becoming more difficult due to slow payments.
Solution
Our factoring and purchase order financing enabled them to thrive and diversify. In addition, we provided a Letter of Credit to their vendor, making payments contingent on the performance of the suppliers, helping control risk.
LOGISTICS COMPANY
$500,000 Accounts Receivable Financing
Challenge
A logistics company that specializes in refrigerated and frozen food needed to secure a new finance company after their previous credit line was canceled with little notice.
Solution
Franklin Capital stepped in to help save the logistics company by providing factoring against their accounts receivable.
IT EQUIPMENT SUPPLIER
$3,000,000 Accounts Receivable Financing
Challenge
A UK based 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.
Solution
Franklin was able to overcome those issues and successfully provide them with the funding they needed to get the US subsidiary started.
MACHINERY MANUFACTURER
$250,000 Accounts Receivable and Inventory Financing
Challenge
When a canceled order from a customer put its business in jeopardy, the machinery manufacturer required working capital funding.
Solution
Franklin Capital provided the company with emergency funding to support them financially until their business stabilized.
In Our Clients Words
Get the financing you need today to grow your business!
Give us a call today at (847) 579-4780 or request a quote so we can start the conversation to see how we can help your business achieve your financial and business objectives.