North Mill Capital LLC announced the funding of a $2 million credit facility to a call center services company located in Connecticut.
he credit facility allowed for North Mill to factor specific account receivables which had large potential increased volume for the borrower that the current bank lender was not comfortable funding. North Mill Capital is working in conjunction with the current lender gave the bank the ability to remain in an otherwise acceptable credit.
North Mill Capital is a national asset-based lender and factor with full service offices in Princeton, New Jersey and Minneapolis, Minnesota. North Mill provides asset-based loans and factoring facilities to borrowers throughout the United States to businesses with borrowing needs between $50,000 to $10 million.