An established New Jersey school transportation company was awarded a new, large service contract with a school system. They needed working capital immediately but their bank was slow to react. We worked with the bank through a subordination agreement, quickly providing a $100,000 Accounts Receivable Funding facility and now the buses are rolling.
This New York-based food service company purchased one of Millennium’s clients and decided to stay with us for funding. We arranged a $50,000 Accounts Receivable Funding facility for them and they now have access to steady cash flow to purchase inventory and meet operating expenses for their many endeavors, including food trucks and kiosks.
An interstate trucking company based in Idaho came to Millennium due to IRS issues. Because we have experience as business owners and operators, we understand the challenges they faced and were able to help resolve the IRS issues. As soon as the tax issues were taken care of, we quickly provided a $1,800,000 Accounts Receivable Funding facility to get them in the fast lane to future growth.
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.
One of our current clients, a small interstate auto carrier company based in Alabama, was restructuring after the death of an owner. The company relied on Millennium Funding for a $700,000 Accounts Receivable Funding facility to help them bridge the cash flow gap while they reorganized. Thanks to quick funding and our previous knowledge of their business, they were able to stabilize the company’s finances.