Franklin Capital recently announced the completion of two separate $1,000,000 factoring facilities. These strategic financial supports underline Franklin Capital’s commitment to aiding sophisticated and rapidly expanding companies in their growth endeavors.
$1,000,000 Factoring Facility to an IT Supply Staffing Company
The first facility was extended to an IT Supply Staffing Company experiencing significant revenue growth in the UK, with expectations of similar success for its US subsidiary. Due to constraints of their UK bank in supporting overseas operations, Franklin Capital stepped in to provide the essential working capital necessary for continued expansion and operations in the US market.
$1,000,000 Factoring Facility for a Media Powerhouse
The second deal was with a US subsidiary of a UK-based media powerhouse renowned for its partnerships with leading brands. The company’s accelerated growth trajectory in the US market necessitated additional funding beyond the provisions available in the UK. Franklin Capital is excited to support this enterprise, ensuring it has the requisite working capital to maintain its impressive growth trajectory.
