Factoring is the discounted sale of an invoice or account issued to a credit-worthy customer. As a business delivers its products or services, it generates invoices that are then sold to the factoring company at a discounted rate, thereby producing immediate cash flow.
Although factoring and asset based lending are not new concepts, all the options can be confusing. If you have a question, don't be shy, ask us!
Millennium Funding will be happy to answer any questions you may have about funding, factoring or other financing options for your business.
Simply submit your question (or questions) below, and an account representative will be in touch with you shortly to provide an answer.