North Mill Capital announced the funding of a $15,000,000 Asset Based Revolving Line of Credit to OneTouch Direct LLC.
The funds were used to repay the bank and provide the company with additional working capital for growth.
“We are very excited about our new financing relationship with North Mill,” said Trae Sellers, EVP of Finance for OneTouch Direct. “During the due diligence process, North Mill invested the time and effort in getting to know our company, our industry, and to understand our financing needs. As a result, they were able to tailor a product specific to the needs of our company providing us with the necessary capital to execute our business plan.”