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North Mill Closes $1MM A/R Facility for Master Packing & Rubber

February 11, 2020, 09:05 AM
Filed Under: Manufacturing

North Mill Capital announced the funding of a $1,000,000 Accounts Receivable Facility. North Mill provided additional working capital for the company in conjunction with the current lender. Master Packing & Rubber Company is a manufacturer and global supplier of sealing products serving the rail, marine and bio-fuel industries. Founded in 1982, the company is privately owned and operated with headquarters in Cedar Rapids, Iowa.

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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