A successful California staffing company that had been self-funding was growing quickly, but their cash flow pipeline couldn’t keep up with the need to fund payroll. With a simple onboarding process, Millennium provided a $1,000,000 Accounts Receivable Funding facility for growth. They’re now staffed up and business is booming.
Starting a staffing company is a cash-intensive endeavor – payroll, taxes, operating expenses – and requires some back-office experience. Millennium helped this new staffing company in California with a $50,000 Accounts Receivable Funding facility and a full-service office solution including invoicing, credit and receivables management, and payroll and related tax processing. Now we worry about the back-office details and they can focus on growing their business.