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.
"From one of my first meetings with one of the principles of North Mill, they took an entrepreneurial appproach to understanding our business. This approach carried through in its underwriting process and discussions with their management team. They have demonstrated an eagarness to grow with the domestic manufacturer and we look forward to going forward and growing with NMC."