WILLIAMSVILLE, NY – Millennium Funding, a leading specialty finance company offering a robust range of funding solutions, announced three new Accounts Receivable Funding facilities in September to companies across the United States.
The facilities supported companies as diverse as oilfield services, staffing and transportation and solved cash flow problems ranging from no access to bank financing to taking on new, bigger contracts.
“The oilfield services company was a previous client who found his new venture in a cash flow crunch,” said Tim Sardinia, co-founder. “We are always pleased to hear from old friends and were happy to help him get his North Dakota oil field supply company on solid footing. They have since signed two new contracts and business is booming.”
Additionally, a Connecticut staffing company came to Millennium after being turned down for bank financing because they were a start-up. “They were financing payroll from personal cash, which quickly ran out. In less than 10 days, we provided a $50,000 Accounts Receivable Funding facility,” Sardinia added.
Millennium also helped an established New Jersey school transportation company with a $100,000 Accounts Receivable Funding facility to enable them to take on a new, large service contract with a school system.