NEW YORK--(BUSINESS WIRE)--On October 31, 2016, Milberg Factors, Inc. announced the promotion of Daniel R. Milberg from Senior Vice President to President. In this new role, Mr. Milberg will oversee all areas of Milberg Factors, one of the largest factoring and commercial finance companies in the U.S.. His focus will be on managing Milberg’s business development, client loan portfolio and overseeing Milberg’s regional offices in Los Angeles, California and Winston-Salem, North Carolina.

“We are exceptionally pleased to have Dan at the helm of Milberg Factors. As Senior Vice President, he laid the groundwork for expansive growth at the firm, and was an exceptional partner to his clients. As President, we can look forward to an even greater level of growth and leadership,” says Leonard Milberg, Chairman of Milberg Factors.

Mr. Milberg has a longstanding relationship with Milberg Factors. He came to the firm in 1989, and worked in the Credit Department until 1998, when he was given primary responsibility for business development.

About Milberg Factors, Inc.

Milberg Factors, Inc. is one of the largest factoring and commercial finance companies in the United States, providing clients with factoring services, working capital financing, accounts receivable management, acquisition and debtor-in-possession financing. Milberg also manages loans and provides collateral management services to major commercial banks.