A software support company recently needed an infusion of working capital to hire additional staff, meet increased demand and expand their geographic footprint. Millennium quickly provided a scalable $700,000 Accounts Receivable Funding facility to accelerate their rapid growth now and into the future.
A tutoring company located in Arizona offers one-on-one tutoring to eliminate distractions common in group settings. As student volume increased, they needed working capital to hire additional teachers. Since they were a previous client, they knew they could turn to Millennium for a new $50,000 Accounts Receivable Funding facility to help more children succeed.
An auto transportation firm in Nova Scotia needed working capital to fund everyday expenses including payroll, fuel, insurance and vehicle maintenance. The firm was working with another factoring company but made the switch to Millennium when they learned of our higher advance rate. Millennium provided a $4,000,000 Accounts Receivable Funding facility, and with maximum funds, this firm was back on the road to growth.
A service provider for the Securities and Exchange Commission industry based in Georgia was working with another finance company but did not like their aggressive collection tactics. A broker referred the provider to Millennium, knowing we would treat the service provider’s customers well. We provided a $50,000 Accounts Receivable Funding facility and made the transition to a new funding source easy.
When a former client purchased a staffing firm, the decision of where to go for flexible working capital was an easy one. Millennium quickly provided a $22,000 Accounts Receivable Funding facility so they could quickly ramp up operations and position the firm for success.