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.
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.
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.
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.