Accounts Receivable Funding

Eliminate the wait.

In a perfect world, all your customers would pay their bills right away. In the real world, you’re waiting 30, 60, 90 days or more to get paid, while you could be conducting more business if only you had the cash flow. Don’t waste that precious time. Millennium Funding’s Accounts Receivable Funding program turns your accounts receivables into immediate cash.

Businesses of all sizes often use this funding solution to help:

  • Meet payroll and hire more employees
  • Fill a larger order
  • Increase production
  • Meet operating expenses

How it works

You sell us your invoices and we advance you immediate funds, then we collect from your customers and advance you the balance minus a small fee. Credit is established based on the creditworthiness of your customers, instead of on your company’s financial history. It’s a popular financing tool which offers more flexibility and availability than traditional bank financing.


  • Flexible, convenient working capital
  • Quick access to steady cash flow – often same day funding once onboarded
  • 80-95% Cash advance on your invoices
  • Simple process and easy setup
  • No liability on your balance sheet
  • Available credit insurance protection on your invoices


Q. What is Accounts Receivable Funding?

A. The discounted purchase of a business’s accounts receivable due from another business. It is not a loan. We purchase your accounts receivable for a discount, providing you a line of credit based on the money you are waiting for from your customers.

Q. How does it work?

A. Unlike banks, which rely on the financial strength of your company, factoring relies on the creditworthiness and financial strength of your debtors.

Q. Why do companies factor?

A. There are a wide variety of reasons, most of which are related to growth or survival. Some of the most common reasons to factor include:

  • Increase production

  • Create new markets

  • Hire new employees

  • Increase sales

  • Fill large orders

  • Cash and volume discounts

  • Unrestricted use of funds

  • Debt free financing

  • Need cash

  • Payroll

  • Payroll taxes

  • Expenses

  • Maintain credit rating

Q. What are some common obstacles to funding?

A. Common obstacles include:

  • Poor debtor credit
  • Liens on accounts receivable
  • Non-assignable invoice payments
  • Inability to verify invoices
  • Poor operator

Q. Will you fund start-ups?

A. In many situations, yes. Decisions are made on a case by case basis.

Q. What initial documents do you need?

A. A completed application, copy of your customer list, accounts receivable aging and a copy of your articles of Incorporation.

Q. What is the difference between Accounts Receivable Funding and P.O. Funding?

A. The easiest way to think about it is that Accounts Receivable Funding is used after goods and services have been delivered and when a company needs to accelerate access to the funds. P.O. Funding is used before goods or services are delivered to the buyer, to fund the production, acquisition and delivery of pre-sold goods.