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Franklin Capital Completes $1MM Factoring Facility for UK-based Piping Supplier

February 16, 2022, 07:00 AM
Filed Under: Factoring

Franklin Capital completed a $1,000,000 factoring facility for a UK headquartered piping supplier.

A broker in the UK recently connected us with a well-established UK headquartered piping supplier. The company was looking to have its U.S. operations stand-alone but lacked the working capital to accept and fulfill several large new contracts. It had been difficult for them to secure the financing because their main business was in the UK.

Franklin Capital successfully provided the company with a $1,000,000 factoring facility allowing them to accept the large contracts and grow their business.

"We are excited to have the opportunity to help this amazing international company. Franklin's experience helping companies both in and outside the US access customized financing programs was key to this successful partnership. Our experience allowed us to provide them with the financing they need to grow their US business," commented Sue Duckett, Executive Vice President, Franklin Capital.

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