This IT resale and service provider specializes in IT hardware and infrastructure, including fiber and copper cabling, network routing hardware, storage, and desktop solutions. Based in Maryland, they had just won a large government contract but didn’t have the working capital they needed to purchase inventory, and government receivables take a long time to collect. With deep government contract financing, Millennium quickly provided access to working capital through a $17,000 Accounts Receivable Funding facility so they could take on the new contract and grow.
The new buyer of this Wyoming-based engineering company needed working capital to help with the purchase of the company and for future growth plans. A broker referred the company to Millennium with a strong positive recommendation. Using our deep industry knowledge and business expertise, we quickly structured a $50,000 Accounts Receivable Funding facility to facilitate the sale of the business and stand ready to support future acquisitions.
A staffing company in North Dakota that specializes in providing skilled oilfield workers for the fracking industry was riding a wave of extreme growth. They needed an infusion of working capital to hire more skilled employees and take advantage of growth opportunities. Millennium provided the company with a $750,000 Accounts Receivable Funding facility and business has never been better.
As a startup staffing company, you can’t afford to wait up to 90 days for clients to pay your invoices, you need to meet payroll now. This startup based in Ohio turned to Millennium to help close a cash flow gap, hire more people and take on new contracts. We provided a $50,000 Accounts Receivable Funding facility as well as a back-office solution including invoicing, credit and receivables management, payroll and related tax processing. They now have the cash flow stability to support their growth.
A brand new staffing company in California needed funding to hire more workers as well as help establish a back-office solution. With deep experience funding start-ups, Millennium provided a $50,000 Accounts Receivable Funding facility along with a full back office solution, including invoicing, online reporting and risk management. Together, these solutions got the new company launched on the right footing to manage their accounts receivable strategically.