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North Mill Capital Provides $15MM Credit Facility to SPAR Group

September 23, 2019, 09:00 AM
Filed Under: Industry News

North Mill Capital announced the funding of a $15,000,000 Total Credit Facility to SPAR Group, Inc. in Auburn Hills, Michigan.
The funds were utilized to pay off the bank and provided the additional working capital the company was looking for to support their plans for growth.

SPAR Group, Inc. provides merchandising and other marketing services to manufacturers, distributors and retailers all over the world, primarily mass merchandisers, office supply, grocery, drug store, independent, convenience, toy, electronics and home improvement stores.

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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