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North Mill Capital Provides $2.5MM to Frozen Food Manufacturer

March 24, 2016, 07:29 AM

North Mill Capital announced it recently provided at $2.5 million accounts receivable and inventory financing facility to a frozen food manufacturer. When the Minnesota-based company incurred the perfect storm of increases in all of their input costs causing losses and a need for an increase in their credit facility to accommodate growth, their lender referred them to North Mill Capital.

North Mill was able to provide a $2.5 million accounts receivable and inventory loan which allowed them to weather the storm while they increased prices to their customer base and returned to profitability.   

North Mill Capital LLC provides asset-based loans and factoring facilities to businesses with borrowing needs up to $30 million.

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