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North Mill Capital Closes $1.25MM A/R Facility With Performance Freight Systems

June 02, 2020, 08:00 AM
Filed Under: Distribution

North Mill Capital announced the funding of a $1,250,000 Accounts Receivable Facility to Performance Freight Systems, Inc.

The funds were used to pay off the previous lender and to provide additional working capital for the company.

Performance Freight is a family-owned and operated freight carrier headquartered in Milwaukee, Wisconsin. The company provides consolidation and distribution service, LTL and TL deliveries, expedited availability, and operates 24 hours a day, 365 days a year.

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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