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North Mill Capital Inks $15MM A/R Factoring Facility to Oral Hygiene Firm

April 27, 2020, 09:05 AM
Filed Under: Factoring News

North Mill Capital closed a $15,000,000 Accounts Receivable Factoring Facility to provider of oral and personal hygiene products.

The funds were used to pay off the previous lender and provide additional working capital to support the Company's growth. NMC also entered into an inter-creditor agreement with a purchase order financing partner to help meet substantial near term growth needs.

Headquartered in California, the company provides a wide range of oral and personal hygiene products and is currently meeting the demands for much needed hand sanitizing products.

"With time being of the essence, North Mill Capital was able to complete the transaction within three weeks which included working with the purchase order company, prior lender, account debtors, suppliers, and our staff. They have proven to be a knowledgeable, experienced and motivated group to work with." - President & CEO of company

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.

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