Franklin Capital completed two new Accounts Receivable Financing facilities.
An Accounts Receivable Financing facility to a UK-owned temp staffing business. The business has successful European operations providing staffing to Facebook and Google. They were looking to expand their services to the US and required a US-based company to accomplish this goal.
The facility gives them the ability to successfully launch their new US-based business.
An Accounts Receivable Financing facility to a franchise of a large staffing firm. The company was given a chance to own its won business. This opportunity required working capital to have to pay temp staff and grow the business.
Franklin successfully provided them with the funding they needed to take on the new business and grow.