Franklin Capital completed a factoring facility for a non-profit staffing firm.
A former client reached out because they were experiencing cash flow difficulties similar to what previously led them to Franklin Capital. The non-profit staffing firm needed a short-term facility to help cover its payroll and expenses while it waited for a delayed payment from its primary payer.
Franklin Capital provided the company with an $800,000 undisclosed factoring facility allowing it to make payroll and cover its expenses.
The financing from Franklin Capital was the flexible short-term funding this company needed to continue to provide services to its clients.
“When past clients reach out for additional funding, it is evidence of Franklin’s exemplary customer service and dedication to our key values, including transparency, responsiveness and thoroughness. We were so pleased to work with this amazing company for a second time and help them continue to provide their much-needed services,” Sue Duckett, COO at Franklin Capital, said.
