History – Milberg Factors

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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.