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.
"North Mill Capital played a key role in putting together a complex financing strategy for our Company during a very tough bank credit period. We would not have been able to continue to grow without the additional cash flow provided through the financing of our receivables that North Mill provided. They got us through that difficult period and provided us with great ideas that allowed us to return to standard bank financing. We are still using their credit analysis services for new and existing customers."