A staffing agency in New Jersey was self-funded but knew they were missing out on opportunities because they didn’t have enough cash on hand. Millennium Funding provided a $1,000,000 Accounts Receivable Funding facility to give them steady access to working capital to meet payroll, take on more workers, and capitalize on new opportunities that came their way. With a simple process and fast onboarding, they were quickly hiring and growing
Without a credit history, traditional bank financing was not an option for this start-up medical staffing firm in Georgia, but they needed working capital to fund payroll. A colleague told them about Millennium’s reputation for quick funding, a simple process and hands-on business knowledge that helps solve client challenges. They called on us and we provided a $1,500,000 Accounts Receivable Funding facility so they could help meet the medical community’s needs.
When a current staffing agency client in Florida sold their business, they recommended Millennium to the new owners. The company was already onboarded, so the transition was easy. The new owners were excited about our same-day funding, our high advance rates and credit and collection assistance. Millennium was able to provide a $1,250,000 Accounts Receivable Funding facility to keep business operating smoothly during and following the acquisition.
A Tennessee staffing company was growing quickly, but they were self-funding and customers were taking too long to pay invoices. They knew they could be doing more business if only they had better cash flow and immediate funding for payroll. With a quick and simple process, Millennium provided a $50,000 Accounts Receivable Funding facility to bridge the gap between invoice and payment. Now the company is making exciting plans for further development.
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.