Franklin Capital completed a $3 million 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,” the president and CEO of a global consumer brand and logistics company, said. “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.”
Gary Edidin, chairman and CEO of Franklin Capital, added, “This financing is a great example of how accounts receivable factoring can help businesses access the working capital already tied up in their receivables. 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.”
