Franklin Capital Provides $3,000,000 Factoring Facility to Support Growth of Global Consumer Brand & Logistics Company
Franklin Capital is pleased to announce the completion of a $3,000,000 accounts receivable factoring facility for a Utah-based global consumer brand and logistics company specializing in chocolate imports and distribution.
The opportunity was referred to Franklin Capital by a broker after the company began searching for a financing partner that could move quickly and provide a flexible funding solution tailored to its business needs. Ultimately, the company needed access to working capital that would allow management to focus on growth and new opportunities rather than funding constraints.
Franklin Capital quickly structured and provided an accounts receivable factoring facility that unlocked liquidity tied up in the company's receivables, improving cash flow and providing the flexibility needed to support ongoing growth initiatives.
"Franklin Capital has been a valuable partner in helping us access the capital we needed to support our growth," commented the president and CEO of a global consumer brand and logistics company. "Their team took the time to understand our business, moved quickly to provide funding solutions, and maintained clear communication throughout the process. Their support has allowed us to focus on growing the business rather than worrying about funding constraints. We appreciate having a financing partner that is responsive, reliable, and invested in our success."
The facility highlights the importance of flexible working capital solutions for importers, distributors, and consumer products companies that often face extended customer payment terms despite strong demand and growing sales.
"This financing is a great example of how accounts receivable factoring can help businesses access the working capital already tied up in their receivables," commented Gary Edidin, CEO & Chairman, Franklin Capital. "Growing companies often find themselves in a position where sales are increasing, but cash flow struggles to keep pace due to extended payment cycles. We are proud to provide financing solutions that allow businesses to pursue opportunities, strengthen cash flow, and continue growing with confidence."
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 Financing, Purchase Order Financing, and Stretch Financing - all with quick responses because, with Franklin, you can speak directly to the decision-makers.
From start-ups to fast-growing companies and businesses navigating financial challenges, Franklin Capital provides the financing companies need, when they need it.
For additional information, please visit www.franklincapitalnetwork.com.