Where other lenders may avoid turnarounds, we see them as great opportunities.
More store closings have been announced in 2017 than any other year on record.* Manufacturing isn’t immune to the rash of closings, with pricey jeans manufacturer True Religion closing its doors, the famous Gibson guitar maker filing for Chapter 11 protection, and furniture company Greycork shutting down operations. While the economy seems to be heading in a more positive direction, there still remains a host of problems inherent in running a business — cash flow, for one.
Consider a company with a tight cash position that spends more time fending off demands for payment than growing their business. While many traditional lenders may shun troubled companies such as these, Milberg Factors offers solutions.
We’re committed to providing clients with the financial resources, as well as the analysis and guidance they require to grow and prosper — whether they’ve hit a few “bumps in the road” or maintained a stellar track record.
Milberg Factors is a private firm that focuses on factoring and commercial finance. Unlike traditional lenders, we are not scared of lending to businesses that require financial restructuring. We offer factoring and financing solutions to help companies in need of assistance get back on their feet. Yet financing is but a small portion of what we offer. We also work with our clients, to help identify the reasons behind their failing performance, and use analysis and planning to help return them to profitability.
The fact is, while other lenders may pass on turnarounds, Milberg Factors sees them as an opportunity to help breathe new life into businesses — it’s been our passion for more than 80 years.