Advance Factoring
Milberg offers clients more flexibility than a typical financial institution, allowing for greater financial leverage with fewer reporting requirements.
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In an Advance Factoring relationship, Milberg provides all the basic elements of a traditional factoring relationship — credit approval/protection, collections, and bookkeeping — and allows the client to borrow funds against the factored receivables, typically up to a specified percentage of receivables.
Milberg may also extend over-advance lines (i.e., lines in excess of receivables) to finance inventory purchases.