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.
"Texan Rentals was looking for a flexible working capital provider that had the ability to think outside the box and the willingness to provide support during a period of aggressive growth. Cost of funding, time to close and increased liquidity were our critical needs when we went through the selection process for a lender. North Mill Capital was flexible, quick and attentive to Texan's needs. We found that the underwriting staff at NMC was very responsive, understood our business very quickly and closed a $6.5 million line of credit much quicker than originally anticipated. Texan is now positioned to undertake agressive growth in the coming year and beyond thanks to NMC's assistance."