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Franklin Capital Completes Factoring Facility for Non-Profit Staffing Firm

March 17, 2023, 07:00 AM
Filed Under: Staffing Services

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 their payroll and expenses while they waited for a delayed payment from their primary payer.

Franklin Capital successfully provided the company with an $800,000 undisclosed factoring facility allowing them to make payroll and cover their expenses.

“This is the second time Franklin Capital helped us cover our payroll and pay our expenses when our accounts receivables were not coming in quickly enough. The financing allowed us to continue to provide an essential service even when we experienced a cash flow shortfall. Each time they have made the process simple and easy with quick concrete requests and helpful customer service,” commented the non-profit staffing firm CEO.

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,” commented Sue Duckett, COO, Franklin Capital.

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