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North Mill Closes $8.575MM in Credit Facilities with Aerospace Manufacturing Group

September 16, 2019, 09:00 AM
Filed Under: Aerospace

North Mill Capital announced the funding of a $7,000,000 Asset Based Revolving Line of Credit and a $1,575,000 Equipment Term Loan Facility to Aerospace Manufacturing Group, Inc.

The proceeds were used for acquisition financing and working capital.

Aerospace Manufacturing Group has been a value added supplier of precision components and subassemblies to the aerospace industry since 1941 and is headquarted in Huntington Beach, California.

"North Mill Capital was extremely responsive throughout the process allowing us to meet a very pressing acquisition timeline," said Kelly Kellar, President of Aerospace Manufacturing.

North Mill Capital provides asset based loans and factoring facilities from $50,000 to $30 million to businesses in the United States. NMC is headquartered in Princeton, NJ and Minneapolis, MN with sales offices throughout the country. North Mill Capital LLC is a portfolio company of Solar Senior Capital Ltd.

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