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North Mill Provides $11.2MM in Working Capital to LMC Industries

January 18, 2018, 08:15 AM
Filed Under: Manufacturing

North Mill Capital provided an $11,200,000 Asset Based Credit Facility to LMC Industries located in Arnold, Missouri. LMC Industries, Inc. is a manufacturer of metal stamping and plastic injection molded parts.

The funding was comprised of an accounts receivable and inventory credit facility in addition to an equipment  based term loan. The funding was utilized to provide working capital. North Mill Capital provides asset based loans and factoring facilities from $50,000 to $30 million. 

North Mill Capital LLC is a wholly owned subsidiary of Solar Senior Capital Ltd.

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