History – Milberg Factors

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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.


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


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.


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


MGM Factors changes its name to Milberg Factors.


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


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.


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


Dan Milberg joins the firm.


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


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


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


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


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