One of our former clients, a California-based medical staffing agency, had to declare Chapter 11 bankruptcy to restructure and start anew. As part of their restructuring plan, they called on Millennium Funding to help them emerge from bankruptcy. We were pleased to be able to provide a $1,500,000 Accounts Receivable Funding facility and enable them to continue as a going concern.
These California freight forwarders were working with another factoring company, but they couldn’t keep up with the freight company’s aggressive growth. Because Millennium Funding is structured to scale with you as your business grows, we quickly helped out with a $1,300,000 Accounts Receivable Funding facility to help them take the business to new heights. They’re now shipping packages of all sizes all over the world.
This IT software support company based in Florida had been working with another funder who couldn’t keep pace with their growth. They switched to Millennium and we significantly increased their credit line, providing a $2,000,000 Accounts Receivable Funding facility and access to steady cash flow. Because we’re designed to grow with our customers, they can now purchase inventory, fund operating expenses, and scale up their business without limitations.
A staffing firm in Ontario, Canada had been using a Professional Employer Organization for funding, but it went bankrupt unexpectedly, leaving them in a lurch without a way to fund payroll. Millennium was able to quickly onboard them and provide a $400,000 Accounts Receivable Funding facility to fund payroll and related expenses. Our speedy solution meant no one missed a pay day.
A startup construction staffing business in Ohio needed working capital to hire skilled trade workers, but as a startup, they didn’t meet rigid bank criteria. They also needed a back-office solution to help manage administrative responsibilities. They were thrilled when they discovered Millennium could provide both: a $50,000 Accounts Receivable Funding facility and full invoicing, credit and receivables management, payroll and related tax processing services. They now have a solid foundation to build a successful company.