Invoice based financing (also known as factoring or accounts receivable financing) is a solution to cash flow problems for businesses. Factoring is an alternative to asset based lending. Advances are tied to your accounts receivable and may include inventory and other assets.
"We needed financing as our bank decided to exit the ABL market. We were contacted by North Mill Capital. They were able to close our loan within 3 weeks. We repaid the bank and obtained additional working capital through a revolving line of credit and term facility. I highly recommend them."