North Mill Capital provided a $4,000,000 Asset Based Revolving Line of Credit to Tropical Aquaculture Products, Inc., an importer and distributor of fresh seafood headquartered in Rutland, Vermont.
The funds were utilized to pay off the current bank credit line and provide additional working capital for the company.
"North Mill Capital was a great partner in structuring a tailor-made financial solution for our company. They provided highly skilled people for each stage of the process and were very reasonable in considering the specificities of our business and needs," said João Crepaldi, Finance Director of Tropical Aquaculture.