Franklin Capital completed a $500,000 accounts receivable factoring facility for a Florida-based women-owned recruitment company.
The growing staffing firm turned to Franklin Capital when timing gaps between invoicing and incoming payments created immediate working capital pressure. Like many entrepreneurial recruitment businesses, the company faced the challenge of managing payroll and operating expenses while waiting on extended customer payment terms.
Franklin Capital quickly structured and provided an accounts receivable factoring facility that delivered the liquidity needed to support the company’s largest customer relationship, maintain healthy cash flow and continue scaling operations with confidence.
“As a growing business, cash flow can make or break your ability to scale, especially in the staffing and consulting world, where payment terms don’t always align with payroll and operating expenses. Factoring with Franklin Capital allowed us to confidently take on new business, support contractors, and continue expanding while maintaining healthy cash flow,” the founder of the women-owned recruitment firm said. “Their team is responsive, professional and easy to work with, and I’d highly recommend them to other growing companies.”
This facility highlights the growing need for flexible financing solutions among staffing and recruitment firms managing large customer contracts and ongoing payroll obligations.
Gary Edidin, CEO and chairman of Franklin Capital, added, “This transaction is a great example of how flexible working capital solutions can help growing staffing and recruitment firms take advantage of new opportunities without being constrained by cash flow timing. We understand the unique challenges entrepreneurial businesses face, particularly in industries where payroll obligations often come well before customer payments. We are proud to support companies like this as they continue to grow.”
