A hydration oil field company based in Texas needed funding for growth but had been turned down for bank financing. Unlike banks, Millennium Funding relies on the creditworthiness of a company’s debtors, not their balance sheet. We provided a $600,000 Accounts Receivable Funding facility to help them expand into new territory. They’re now gushing with new business.
Running a staffing company requires steady access to working capital, as well as a robust back-office solution to handle invoicing, payroll and related taxes. This staffing company based in Atlanta, GA came to us looking for both. After a simple setup process, we provided a $50,000 Accounts Receivable Funding facility and a full back-office solution, including payroll software designed specifically for staffing firms with robust talent management capabilities. The owners are now growing their business without worrying about the administrative work – or how they’ll meet payroll.
A staffing and office furniture installation company in Pennsylvania had a small line of credit with their bank. But they had big plans for the future. They turned to Millennium Funding for additional working capital to fuel their growth without the bank’s restrictions. We provided a $50,000 Accounts Receivable Funding facility and they’re now staffing up and aiming for tremendous growth.
A new directional drilling company in Texas needed working capital to fund operations and expansion. They asked colleagues for recommendations and Millennium rose to the top of the list due to our deep experience in the oilfield services industry, as well as our reputation for exceptional client service. We were happy to put our experience to work for them with a $50,000 Accounts Receivable Funding facility so they could start strong and dig for success.
A North Dakota conglomerate of oil industry executives joined together to form a new company addressing flow-back in oilfields. They needed working capital for growth and turned to Millennium Funding for a flexible off-balance sheet financing solution. We structured a $3,500,000 Accounts Receivable Funding facility to provide the flexibility they needed to manage working capital more efficiently, enhance their liquidity and take their business to the next stage.