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North Mill Capital Provides $750K A/R Facility to GearTek

June 15, 2020, 09:15 AM
Filed Under: Industry News

North Mill Capital announced the funding of a $750,000 Accounts Receivable Facility to GearTek, Inc. The funds were used to pay off the previous lender and to provide additional working capital for the company.

Founded in 1986, GearTek, Inc. specializes in engineered products for equipment rotation. The company is headquartered in Hartland, Wisconsin, with two additional locations in Washington and Pennsylvania.

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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