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North Mill Capital Closes Two Recent Transactions

July 10, 2014, 07:08 AM

North Mill Capital LLC announced the  following transaction closings: 

  • A $250,000 factoring facility to a company that provides fulfillment, warehousing and inventory management services and is located in Minnesota
  • A $250,000 accounts receivable credit facility to a company that provides in-home and outpatient mental health treatment and is located in Indiana

Both companies utilized funds to provide working capital for future growth.

North Mill Capital is a direct lender with extensive capital resources. The firm provides asset-based loans and factoring facilities to businesses with borrowing needs from $50,000 to $10 million. North Mill also works with participating lenders for larger transactions. While its primary business is to finance accounts receivable, inventory, machinery and equipment, North Mill will consider other assets and often assist companies in obtaining financing to supplement its asset-based loans.

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