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.
"My client needed a flexible line of credit to be able to work through growth spurts and operational improvements. North Mill Capital provided that credit for a temporary period of time and was easy to work with from start through the transition to a traditional line at a commercial bank."