What is Franklin Surplus?
Founded in 1911 and currently led by Robert Franklin and Frank Franklin, Franklin Surplus has evolved into a prominent provider of quality scrap metal recycling services for both the general public and industrial clients. Based in North Vernon, Indiana, the company has demonstrated a capacity for broad operational reach, extending its services across more than 30 states and into Canada. This extensive network highlights Franklin Surplus's robust logistical capabilities and its commitment to managing metal waste effectively for a diverse clientele.
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
What's next for Franklin Surplus?
The substantial late-stage funding indicates Franklin Surplus is poised for further strategic growth and operational enhancement. This capital injection is likely to support initiatives aimed at expanding market share, upgrading recycling infrastructure, and potentially exploring new service verticals within the industrial waste management sector. The company's history of consistent growth and its established reputation suggest a trajectory focused on solidifying its position as a leader in the scrap metal recycling industry.
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