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North Mill Capital Closes $5MM ABL Revolver for Electronics Distributor

March 09, 2020, 08:55 AM
Filed Under: Distribution

North Mill Capital announced it has closed a $5,000,000 Asset Based Revolving Line of Credit with Connecticut-based 203 Trading LLC, a distributor of refurbished computers and electronics headquartered in Norwalk.

The funds will be used to repay the previous lender and provide additional working capital to support the company's significant growth.

"Our experience with North Mill Capital has been fantastic. They have been very responsive and understanding of our needs as a growing business. Our partnership will allow us to take our business to the next level. Everyone at North Mill has been professional, courteous, and a pleasure to work with," said Mark Kingsley, owner of 203 Trading.

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