 What does Millennium Funding do? Millennium Funding provides independent staffing companies with funding, administrative services, staff training and management consulting needs of the temporary staffing industry. Paying employees and taxes weekly and invoicing clients that typically pay in 30 days or more can create cash flow problems. Millennium Funding's funding solves this problem by advancing funds to cover the payroll costs of the agency. Millennium Funding’s services reduce overhead and increase profits by allowing the agency to focus on selling and recruiting. Back to Top How do your services work? Millennium Funding performs the tasks of processing payrolls, generating invoices, accounts receivable management and accounting services. Millennium Funding also prepares and files all federal, state, and local payroll related taxes and is fully responsible for the accuracy. The client transfers their payroll and billing information electronically through e-mail or fax directly to Millennium Funding. Millennium Funding prepares and processes the payroll checks, as well as remits the associated federal and state payroll taxes. The payroll checks and a complete set of management reports are delivered to you via overnight carrier one day prior to the specified payroll date. Concurrently while your payroll is being processed, invoices are created with your company name and mailed directly to your customer. Back to Top How is Millennium Funding different from other funding companies? Millennium Funding acts as your strategic partner in attaining your business objectives. This is made possible by the wide array of professional services that are available to you. Millennium Funding’s management reports are designed to help you manage your business and give you the knowledge to make sound decisions. Our reports can be custom designed to fit your specific management style. Millennium Funding’s consulting team can assist you with a new office start up, sales training, management training, development of the training and operating manuals, development of sale and marketing literature and promotional materials. Millennium Funding’s financial analysis can assist you with, growth strategies, restructuring and crisis management, merger and acquisitions services, and analysis of financial situations. Millennium Funding is also one of few funding companies that has the system and software to work with the unique needs of a daily pay temporary staffing agencies. Back to Top How quickly can funding begin? Funding can be done in as little as 24 to 48 hours in some cases. A typical new client moves through the application process in roughly a week and a half. Back to Top Can Millennium Funding help me if my company is financially challenged? Yes. We analyze your situation and recommend appropriate solutions. Please contact us to discuss the details of your specific situation. Back to Top Where is Millennium Funding located? Millennium Funding has multiple locations all over the United States. Back to Top Can Millennium Funding provide funding only? Yes. Millennium Funding will advance you a large percentage of your invoice amount within 24 hours of the invoice date. The account debtor (your customer) is put on notice that payment must be remitted to Millennium Funding. Upon receipt of payment, Millennium Funding disburses to you the balance of the invoice amount not initially advanced, minus our fee. - Millennium Funding’s advance rates are among the highest in our industry. - Millennium Funding will help you to screen prospective customers with bad credit. - Millennium Funding will transfer your advances directly to your bank account or send you checks via Federal Express. - Millennium Funding will provide your company comprehensive, easy-to-understand reports on your accounts receivable. - Millennium Funding will work with your existing bank to facilitate a factoring transaction. Back to Top |
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