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North Mill Capital Funds Three Deals Totaling $15.85 Million

July 18, 2013, 07:18 AM

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

  • A $5 million accounts receivable credit facility to a manufacturer, designer and distributor of medical devices and implants located in Minnesota.  Funds were utilized to repay current bank debt and provide working capital for growth.
  • An $850,000 accounts receivable credit facility to a snack food manufacturer and packager located in South Dakota.  Funds were utilized to repay current bank debt and provide working capital for growth.
  • A $10 million credit facility comprised of a $6 Million accounts receivable credit facility and a $4 million term loan to a provider of laundry services to the healthcare and other industries in New York.  Funds were utilized to provide working capital for future growth. 

North Mill Capital LLC is a factor and asset-based lender offering loans from $50,000 to $10 million.







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