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North Mill Capital Provides $11.25MM to Various Clients in Recent Deals

March 04, 2016, 07:50 AM

North Mill Capital announced it has provided $11.25 million to various customers in seven recent deals. They are:

  • $1 million to a natural juice wholesaler -- When a wholesaler of natural juices in Florida started to receive sizable orders with large national chains, they turned to North Mill Capital. By providing the working capital the company needed to fulfill the large orders, North Mill enabled the company to take on new customers and grow the business.
  • $2 million to a manufacturer of fiberboard packaging -- A corrugated fiber board packaging and point of purchase display manufacturer in Wisconsin was looking for a flexible lender. They were referred to North Mill Capital the company was able to pay off current debt as well as provide working capital to grow the company.
  • $250,000 to a sporting goods manufacturer --When a sporting goods manufacturer in Minnesota obtained the opportunity to launch their product into several big box retailers, they needed additional working capital to help facilitate their growth. Their investor referred them to North Mill Capital, which provided a $250,000 factoring facility which allowed them to accomplish their growth objectives while keeping their vendors current.
  • $1.5 Million to a manufacturer of military vehicle parts -- A Wisconsin company that manufactured vehicle parts for the United States military was in need of additional working capital. North Mill Capital was able to provide the company with an accounts receivable and equipment term loan. Funds were utilized to pay off current lender, purchase equipment, as well as provide additional working capital to support company growth and expansion.
  • $2.5 Million to a paper distributor -- When a Minnesota paper distributor with declining sales needed some breathing room while they cut costs, downsized, and sorted through some potential buyers and opportunities to merge, they turned to North Mill Capital. North Mill Capital was able to provide a $2.5 Million accounts receivable and inventory facility.
  • $1.5 Million to a wholesaler of safety equipment  -- A wholesaler of safety equipment in Wisconsin was in need of working capital to expand and grow their business.  They were introduced to North Mill Capital. NMC was able to provide the company with a $1.5 million accounts receivable credit facility which allowed the company to pay down the bank as well as provide additional working capital for future growth.
  • $2.5 Million to manufacturer of frozen food products -- When a food manufacturer in Minnesota incurred the perfect storm with increases in all of their input costs causing losses and a need for an increase in their credit facility to accommodate growth, their lender referred them to North Mill Capital. North Mill was able to provide a $2.5 million accounts receivable and inventory loan which allowed them to weather the storm while they increased prices and their customer base and returned to profitability.

North Mill Capital LLC provides asset-based loans and factoring facilities to businesses with borrowing needs up to $30 million.

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