Franklin Capital completed a $1 million factoring facility for a UK-headquartered construction consultant.
The consultant was working with Branta, a corporate finance advisory practice, to grow its U.S. operations. The company lacked the working capital to operate independently of its UK headquarters, and it had been difficult for it to secure the financing it needed because its main business was in the UK. Branta connected the company with Franklin Capital, which provided the company with a $1 million factoring facility.
“Accessing the U.S. funding market has traditionally been difficult for small and medium-sized businesses from the UK. However, with the right team working for them, this company was able to achieve the funding sources it required,” Chris Ray, director at Branta, said.
The factoring facility from Franklin Capital will allow the company to fund expansion in the United States and beyond. By utilizing its U.S. debt capacity, the company can support growth in its other territories at the beginning of its profit-generating journeys.
“We are excited to have the opportunity to help this amazing international company. Franklin’s experience helping companies both in and outside the U.S. access customized financing programs was key to this successful partnership. Our experience combined with our partnership with Branta allowed us to provide them with the financing they need to grow their U.S. business,” Sue Duckett, executive vice president at Franklin Capital, said.
