Float Factory

How Float Factory unlocked 7x revenue with tailored financing


Founded by two best friends, Float Factory designs inflatable pool toys that make a splash wherever they go. When their startup started to take off, they needed financing to keep up.

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Additional sales from unlocked working capital
Units purchased with Settle's financing
Financing options reviewed before Settle
The challenge

As a seasonal business with expensive inventory and no leverage over manufacturers, Patrick Frank and George Kramb faced the burden of making cash payments for supply up front without consistent revenue coming in. After self-funding with their credit cards and life savings, they started looking for outside support.

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The solution

Settle Working Capital offered a lower cost of capital than 30 other providers—but the dedicated service is what stood out. “I felt safe because I felt someone speaking my language and not sales language,” said Patrick Frank, CEO. Despite their seasonality and brief sales history, the team was able to take the time to understand and holistically assess Float Factory’s business and provide Patrick with rates that were affordable and tailor-made for his business.

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The outcome

Financing secured, Float Factory was able to fund an entire season's worth of inventory. This freed up working capital for marketing and website development, unlocking 7x revenue growth*. Now they’re looking to expand sales in the summer and develop new SKUs for the winter. 

“All other financing options were either really expensive or complex and I needed a solution that moved super fast. Settle moved - I was shocked it took a week and it was done.” - Patrick Frank (Co-Founder)

Advice to other founders

Patrick emphasizes the importance of business financial knowledge for founders to establish a foundation for long-term success: “Know basic accounting and understand cash flow and profitability, which is the end goal otherwise you will never be able to build a sustainable business.”

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*Individual customer results may vary, claims in this testimonial represent results for this individual customer, and may not reflect typical customer results, and are not intended to represent or guarantee that any customer will achieve the same or similar results.