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North Mill Capital Closes $1.25MM Revolver for Yurchak Printing

April 21, 2020, 09:10 AM
Filed Under: Printing

North Mill Capital announced the funding of a $1,250,000 Asset Based Revolving Line of Credit to Yurchak Printing, Inc. The funds were utilized to provide additional working capital for the company.

Yurchak Printing is based in Landisville, Pennsylvania and offers high quality, short-run digital book manufacturing services to the publishing industry, manufacturing and service companies, professional associations, government agencies, as well as colleges and universities.

The company was introduced to NMC when their lender was unable to provide the working capital that was required to support the company's projected growth. NMC was able to enter into an inter-creditor agreement with the SBA allowing them to continue to maintain a term loan in conjunction with NMC providing a working capital facility.

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 New Jersey with regional offices in Minnesota and Utah and with sales offices throughout the country. North Mill Capital LLC is a portfolio company of Solar Senior Capital Ltd.

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