A Massachusetts staffing company had been using another factoring company but came to us looking for a full-service solution. Millennium was able to quickly get them set up with full back-office services, including invoicing, credit & receivables management, payroll and related tax processing. We also provided a $2,000,000 Accounts Receivable Funding facility to help them hire more employees and grow the business.
A British Columbia staffing company that focuses on industrial and logistics companies was self-funded and growing quickly. Unfortunately, the company was burning through its cash reserves. Millennium provided a $50,000 Accounts Receivable Funding facility with minimal setup time to support the company’s growth strategy.
This freight transport company in Texas needed working capital and heard about our responsive and attentive service from their sister company, who we’d been working with for years. They gave us a call to discuss how we could work together and they eagerly made the leap. We quickly provided a $12,000,000 Accounts Receivable Funding facility to help them fund payroll, fuel, insurance and more. They’re now trucking goods around the country and not worrying about access to steady cash flow.
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.