What is Franklin Surplus?
Established in 1911, Franklin Surplus, Inc. operates as a cornerstone of the industrial waste management landscape. Headquartered in North Vernon, Indiana, the firm specializes in comprehensive scrap metal recycling services, catering to both the general public and large-scale industrial entities. With a service reach extending across 30 states and into Canada, the company has evolved from a family-owned operation into a critical node in the North American circular economy. Their expertise in managing complex metal waste streams provides essential infrastructure support for manufacturing and industrial sectors, ensuring that raw materials are efficiently reclaimed and reintegrated into the supply chain.
How much funding has Franklin Surplus raised?
Franklin Surplus has raised a total of $375K across 2 funding rounds:
Debt
$150K
Debt
$225K
Debt (2020): $150K with participation from PPP
Debt (2021): $225K led by PPP
Key Investors in Franklin Surplus
PPP
Public-Private Partnership
What's next for Franklin Surplus?
With the recent influx of capital, Franklin Surplus is poised to transition into a phase of aggressive market expansion and technological modernization. The strategic allocation of these funds will likely focus on enhancing processing capabilities and optimizing logistics to serve a broader geographic client base. As the company navigates the complexities of late-stage growth, the focus remains on scaling its proven business model to meet the rising demand for sustainable industrial waste solutions. By strengthening its operational capacity, Franklin Surplus aims to solidify its market leadership and continue its trajectory of long-term value creation within the metal recycling ecosystem.
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