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History

Milberg through the years

Milberg Factors, Inc. has come a long way since Ben Milberg first opened the firm’s doors in 1937. Today, Milberg Factors, Inc. is a diversified finance company with client sales volume of more than $5 billion.

1937

Ben and Irving Milberg, and Morris and Miriam Gordon found MGM Factors in New York City.

1957

Leonard Milberg joins MGM Factors after earning his Bachelor of Arts
from Princeton University and an MBA from the Wharton School of the University of Pennsylvania,
and a short stint in the army.

1960

Joe Golden, former first-baseman for Princeton University, joins MGM Factors.

1963

MGM Factors changes its name to Milberg Factors.

1965

Leonard Milberg becomes Chairman of Milberg Factors;
Joe Golden becomes President.
Milberg Factors expands its leadership team and offices.

1969

Milberg Factors becomes the first factor
to offer factoring services to banks,
including Shawmut Bank of Boston,
C&S Bank of South Carolina
and Union Bank of Elizabeth, New Jersey.

1972

Milberg Factors moves its offices to 99 Park Avenue, New York.

1989

Dan Milberg joins the firm.

1997

Bill Zisfein, formerly a Team Head at Republic National Bank, joins Milberg Factors.

2004

Milberg Factors opens its first regional office in Los Angeles, California.

2007

Milberg Factors launches the Milberg Client Information System (MCIS)
to provide clients with full online access to their accounts.

2010

Milberg Factors opens a regional office in Charlotte, North Carolina.

2015

Milberg Factors continues to grow its client roster and its factored sales volume.