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.