Franklin Completes AR Financing Facilities for Two Companies

Franklin Capital completed two new accounts receivable financing facilities for two staffing companies.

The first accounts receivable financing facility was provided to a temporary staffing business in the UK. The business has European operations providing staffing to Facebook and Google. It was looking to expand services to the U.S. and required a U.S.-based company to accomplish this goal.

The second accounts receivable financing facility was provided to a franchise of a staffing firm. The company was given a chance to own its own business. This opportunity required working capital to pay temp staff and grow the business.