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North Mill Capital Funds Three Deals Totaling $2.75MM

June 08, 2020, 09:15 AM

North Mill Capital is pleased to announce the funding of the following transactions:

  • $500,000 accounts receivable credit facility to an Illinois manufacturer of springs and metal stamping for the automotive industry. The company was a previous client that left a few years back to self-finance. The company found themselves in need of A/R financing again and contacted North Mill to see if they could come back. The funds were used to pay off two MCA lenders and provide additional working capital for the company.
  • $1,750,000 asset based revolving line of credit to a wholesaler and distributor of pure maple syrup in Wisconsin. Together with CRF USA's SBA loan, the company was able to repay the bank's revolving facility and mortgage loan. The funds will also be used to provide additional working capital to support the company's growth.
  • $500,000 accounts receivable credit facility to a trucking company in Pennsylvania. The company does both short and long haul trucking and has been in business for over 30 years. The funds were used to pay off the bank and provide additional working capital for the company.






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