North Mill Equipment Finance announced the company reached an all-time high in monthly loan and lease originations in March. Funded volume surged to more than $24 million, a growth rate of 53 percent from last March and an increase of 22 percent from...
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April 05, 2021, 06:00 AM
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North Mill Equipment Finance announced the promotion of Mark Bonanno to President, Chief Operating Officer effective immediately.“Mark has been highly influential in helping the business attain record levels of growth since joining the company over...
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February 23, 2021, 08:00 AM
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North Mill Capital (NMC) has promoted Karen Marino to Senior Vice President. Marino joined NMC in 2015 and has been serving as both an Account Executive and Underwriter. According to Betty Hernandez, Chief Credit Officer and Executive Vice President...
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December 09, 2020, 08:00 AM
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North Mill Capital provided a $20,000,000 Accounts Receivable & Inventory Credit Facility to Reliable Tire Distributors, Inc., a wholesale tire distribution company headquartered in Blackwood, NJ.
The financing was used to repay a prior lender and...
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October 27, 2020, 08:00 AM
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North Mill Capital closed on a $1,250,000 Accounts Receivable Credit Facility for Minnesota-based poultry distributor Mighty Spark. Mighty Spark provides poultry products to grocery retailers all over the country. The company works with family-owned...
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July 27, 2020, 09:00 AM
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North Mill Capital provided a $1,000,000 accounts receivable credit facility to Rebel Green, LLC, which is located in Mequon, Wisconsin and provides a broad line of natural, eco-friendly household cleaning products.The funds were used to pay off the...
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July 13, 2020, 09:10 AM
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North Mill Capital closed on a $500,000 Accounts Receivable Facility for The Right Staff, LLC, a full-service, professional employment firm with locations in Minneapolis, Minnesota.The funds were used to pay off the previous lender and provide...
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June 30, 2020, 08:00 AM
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North Mill Capital announced $4.4 million in newly closed deals:
A $2,000,000 accounts receivable credit facility to an LTL transportation company specializing in the transport and storage of products for industrial manufacturers throughout the...
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June 22, 2020, 09:10 AM
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North Mill Capital announced the funding of a $750,000 Accounts Receivable Facility to GearTek, Inc. The funds were used to pay off the previous lender and to provide additional working capital for the company.Founded in 1986, GearTek, Inc....
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June 15, 2020, 09:15 AM
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North Mill Capital announced the funding of a $1,250,000 Accounts Receivable Facility to Performance Freight Systems, Inc.The funds were used to pay off the previous lender and to provide additional working capital for the company.Performance Freight...
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June 02, 2020, 08:00 AM
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North Mill Capital provided $1.5 million to PRC Laser Corporation, which distributes and services lasers used for industrial applications and is headquartered in Charleston, South Carolina."PRC Laser is very happy to have North Mill Capital as our...
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May 05, 2020, 08:50 AM
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North Mill Capital provided a $1.5 million Credit Facility to PRC Laser Corporation which distributes and services lasers used for industrial applications and is headquartered in Charlest, South Carolina.The funds were used to repay the previous...
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May 04, 2020, 09:15 AM
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North Mill Capital announced the funding of a $1,250,000 Asset Based Revolving Line of Credit to Yurchak Printing, Inc. The funds were utilized to provide additional working capital for the company.Yurchak Printing is based in Landisville...
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April 21, 2020, 09:10 AM
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North Mill Capital closed $19 million in new financing for Allied West Paper The total credit facility was comprised of a $15,000,000 revolving line of credit and a $4,000,000 equipment term loan. The proceeds were used to pay off the existing senior...
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March 17, 2020, 09:15 AM
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North Mill Capital provided an $8,000,000 Asset Based Credit Facility to Coastal Wire Company. The South Carolina-based company was founded in 1978 and manufactures fully annealed, high-strength baling, tying and specialty wire products for the...
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March 02, 2020, 09:15 AM
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North Mill Capital provided a $750,000 Asset Based Credit Facility to Sylvan R. Shemitz Designs, Inc., doing business as The Lighting Quotient. The company, designs, engineers and manufactures advanced luminaires for architects, lighting designers...
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February 24, 2020, 09:05 AM
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North Mill Capital announced the funding of a $3,000,000 Revolving Line of Credit and a $500,000 Equipment Term Loan Facility to Seating Concepts, LLC.The proceeds were used to pay off the existing lender and provide additional working...
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February 18, 2020, 07:00 AM
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North Mill Capital announced the funding of a $1,000,000 Accounts Receivable Facility. North Mill provided additional working capital for the company in conjunction with the current lender. Master Packing & Rubber Company is a manufacturer and global...
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February 11, 2020, 09:05 AM
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North Mill Capital announced the funding of a $1,000,000 Accounts Receivable Facility. North Mill provided additional working capital for the company in conjunction with the current lender.Master Packing & Rubber Company is a manufacturer and global...
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February 10, 2020, 09:20 AM
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North Mill Capital (NMC) announced that it has hired David McFarland as Senior Vice President in its Minneapolis, Minnesota office. McFarland will be responsible for handling a portfolio of asset based and factoring clients along with working...
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January 09, 2020, 08:55 AM
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North Mill Capital announced the funding of a $750,000 Accounts Receivable Facility to Aqua Green Services in South Carolina.The funds were used to pay off the current lender and provide additional working capital for the company. Aqua...
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November 05, 2019, 09:00 AM
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North Mill Capital provided $1.95 million in financing to D.A. Distribution, Inc. a manufacturer and installer of decorative stones used for interior and exterior walls and fireplaces. The financing consists of a $1.5 million revolving line of credit...
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October 29, 2019, 08:45 AM
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North Mill Capital announced the funding of a $6,000,000 credit facility to a logistics company in North Carolina.The company provides maintenance, supply and warehouse chain management, transportation, IT and base operations support personnel...
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October 22, 2019, 09:00 AM
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North Mill Capital announced the funding of a $1,000,000 Accounts Receivable Facility to Staff Right Solutions, LLC.The funds were used to pay off the current lender and provide additional working capital for the company.Staff Right Solutions, LLC is...
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October 08, 2019, 08:00 AM
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North Mill Capital announced the funding of a $750,000 Accounts Receivable Facility to Metromedia Technologies, Inc. in New York, New York.The funds will be used to pay off the previous lender and provide additional working capital for the...
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September 30, 2019, 08:45 AM
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North Mill Capital announced the funding of a $15,000,000 Total Credit Facility to SPAR Group, Inc. in Auburn Hills, Michigan. The funds were utilized to pay off the bank and...
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September 23, 2019, 09:00 AM
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North Mill Capital announced the funding of a $7,000,000 Asset Based Revolving Line of Credit and a $1,575,000 Equipment Term Loan Facility to Aerospace Manufacturing Group, Inc.The proceeds were used for acquisition financing and working...
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September 16, 2019, 09:00 AM
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North Mill Capital LLC announced the addition of Ms. Tammy Bowling, as its Vice President, Invoice Based Financing, East Coast Director.Prior to joining North Mill, Ms. Bowling worked at Riviera Finance. She has over 22 years of lending experience...
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July 22, 2019, 08:45 AM
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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...
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May 01, 2019, 09:00 AM
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North Mill Capital announced the funding of a $1 million accounts receivable facility to Aspen Research Corporation.The funds were utilized to pay off the current lender and provide additional working capital to support company growth.Aspen Research...
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April 24, 2019, 09:15 AM
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North Mill Capital provided a $10,000,000 Asset Based Revolving Line of Credit to Ameri100, a fast-growing technology services company which provides SAP cloud, digital and enterprise services to clients worldwide. Headquartered in Suwanee, Georgia...
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March 27, 2019, 09:00 AM
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North Mill Capital closed on a $7.5 million credit facility for North Atlantic, Inc. is an importer and distributor of seafood and is located in Portland, Maine. The North Mill credit facility was utilized to pay the present bank lender and provide...
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March 07, 2019, 09:00 AM
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North Mill Capital announced that Kevin Pearce has become a part of the North Mill team as Senior Vice President. Pearce resides in Chandler, Arizona, and will be responsible for business development.
Pearce brings over 30 years of experience in...
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February 14, 2019, 09:00 AM
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North Mill Capital provided a $5 million Accounts Receivable Credit Facility to Minneapolis Cadence Garven. The funds will be used to pay off the previous lender and provide working capital for the company.
Cadence Packaging Group designs, produces...
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February 01, 2019, 09:00 AM
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North Mill Capital provided a $5,000,000 asset-based revolving line of credit to Sole Technology. Inc. Based in Lake Forest, California, Sole Technology provides authentic action sports footwear and apparel in more than 70 countries.
The funds will...
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January 24, 2019, 08:00 AM
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North Mill Capital recently promoted Karen Marino to Vice President. Marino has been with North Mill Capital since December of 2015 when she started in her role as Account Executive. She has been working in the Commercial Finance industry for 13...
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December 05, 2018, 08:00 AM
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North Mill Capital LLC announced the funding of a $1,000,000 Asset Based Revolving Line of Credit to Zapp Packaging. The funds will be utilized for working capital and growth of the company.
"The experience with North Mill Capital was nothing but...
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November 08, 2018, 07:00 AM
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North Mill's Dan Tortoriello announced he is taking on the role of Executive Vice President at Gemino Healthcare Finance. Tortoriello will continue his role as Executive Vice President and Chief Operating Officer at North Mill Capital.
"I look...
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July 03, 2018, 07:00 AM
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North Mill Capital closed a $1,000,000 Accounts Receivable Facility for Corchran, Inc., a custom metal fabrication service provider located in Minnesota. The company provides full service capabilities including laser cutting, punching, shearing...
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May 18, 2018, 07:00 AM
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North Mill Capital funded a $2,350,000 Asset Based Lending Accounts Receivable and Inventory Facility to General Sports Corporation is a wholesaler and retailer of sports equipment and apparel headquartered in Minneapolis, MN.The funds will be...
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May 11, 2018, 08:01 AM
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North Mill Capital closed a $16 million asset based credit facility with Stanley Furniture, Inc.,a designer, manufacturer and distributor of middle to high-end wood residential furnishings. Founded in 1924, their products can be found in stores all...
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May 02, 2018, 08:02 AM
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Lucy Csizmas, a 20+ year veteran of asset based lending, has joined North Mill Capital as a Managing Director of Business Development in Southern California. Prior to joining North Mill Capital, Csizmas spent 10 years at a national asset based...
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April 18, 2018, 08:00 AM
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North Mill Capital closed $12.9 million in financing for Devault Foods. The funding was comprised of a $10 million asset based lending credit facility which encompassed both accounts receivable and inventory and a $2.9 million equipment term loan....
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March 15, 2018, 07:00 AM
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Rod Landis has joined North Mill Capital as Vice President/Business Development Officer in the Northeast, covering New England and upstate New York. He brings with him over 20 years of banking and related experience in asset-based lending, commercial...
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March 08, 2018, 07:00 AM
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North Mill Capital provided a $3,500,000 asset-based lending accounts receivable credit facility to American Gaming & Electronics in Hammonton, New Jersey.American Gaming & Electronics, Inc. is a distributor of gaming parts, used machines and...
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March 01, 2018, 07:00 AM
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North Mill Capital provided a $2,000,000 Asset Based Credit Facility to International Rollforms in Sewell, New Jersey. The funding was comprised of an accounts receivable and inventory credit facility. The funds were utilized to pay off the existing...
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February 09, 2018, 07:15 AM
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North Mill Capital provided an $11,200,000 Asset Based Credit Facility to LMC Industries located in Arnold, Missouri. LMC Industries, Inc. is a manufacturer of metal stamping and plastic injection molded parts. The funding was comprised of an...
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January 18, 2018, 08:15 AM
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North Mill Capital provided a $1,000,000 Asset Based Revolving Credit Facility to Sandusky Electric, Inc. The funds were utilized to repay the current lender in full and provide working capital for future growth and expansion of the company. Sandusky...
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January 04, 2018, 07:00 AM
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North Mill Capital announced it has hired Rebecca Smith as a Vice President - Underwriter/Account Executive. Smith has over 17 years of experience in the asset based lending and floorplanning industries. Smith has spent her entire career as an...
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August 29, 2017, 07:00 AM
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North Mill Capital provided a $1,000,000 total credit facility to Next Level For Recycling, located in East Windsor, Connecticut.
NLR, Inc. offers lamp recycling and universal waste recycling for ballasts, batteries, and electronic waste. The...
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April 19, 2017, 07:00 AM
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North Mill Capital announced the funding of a $2 Million accounts receivable credit facility for Air Contact Transport.The funds were utilized to pay off the company's existing lender and provided additional working capital. Air Contact Transport...
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March 14, 2017, 07:00 AM
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North Mill Capital has provided a $1.5 million asset based lending accounts receivable and inventory credit facility to Summit Corporation of America. Summit Corporation of America provides electroplating metal and is based in Thomaston, Connecticut...
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February 22, 2017, 07:00 AM
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North Mill Capital has provided a $7,500,000 Asset Based Lending accounts receivable and inventory credit facility to Hutton Communications, Inc. The company is a distributor of commercial wireless communication parts and related equipment. The...
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February 08, 2017, 07:18 AM
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North Mill Capital announced the funding of a $3.5 million accounts receivable and inventory revolving line of credit for Stern Companies, Inc. in Baxter, Minnesota.
The company specializes in custom plastic and rubber molding assemblies. The...
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February 01, 2017, 07:00 AM
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North Mill Capital provided a $4,750,000 total credit facility comprised of a $3,500,000 revolving line of credit and a $1,250,000 term loan & capital expenditure facility to a new client located in Wisconsin. The client is a manufacturer of...
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January 25, 2017, 07:12 AM
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North Mill Capital announced the funding of a $3MM asset based revolving credit facility for Advanced Extrusion. Advances on the accounts receivable and inventory refinanced their bank credit facility in full and provided excess working...
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January 17, 2017, 08:36 AM
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North Mill Capital announced it has provided a $1.5 million accounts receivable financing facility and equipment term loan to a manufacturer of military vehicle parts. The Wisconsin-based company was in need of additional working capital. Funds were...
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May 24, 2016, 07:52 AM
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North Mill Capital announced it recently provided at $2.5 million accounts receivable and inventory financing facility to a frozen food manufacturer. When the Minnesota-based company incurred the perfect storm of increases in all of their input costs...
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March 24, 2016, 07:29 AM
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North Mill Capital announced it has provided $11.25 million to various customers in seven recent deals. They are:
$1 million to a natural juice wholesaler -- When a wholesaler of natural juices in Florida started to receive sizable orders with...
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March 04, 2016, 07:50 AM
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North Mill Capital announced it has closed five recent transactions totaling $29.5 million. They are:A $12 million asset-based line of credit to a retail display manufacturer: A Illinois display manufacturer, to big box retailers, was asked by their...
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March 02, 2015, 09:04 AM
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North Mill Capital announced five recent transactions. Details of the transactions follow:
$2.5 million accounts receivable credit facility to a full service metal fabricator located in Wisconsin.
$1.5 million accounts receivable and inventory...
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December 16, 2014, 07:03 AM
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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...
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August 21, 2014, 07:08 AM
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North Mill Capital LLC announced the funding of a $3 Million factoring facility to a printing company located in Wisconsin. Funds were used to pay down the current bank and provide additional working capital for future growth. North Mill Capital LLC...
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August 06, 2014, 07:00 AM
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North Mill Capital announced the funding of a $1.5 million revolving credit facility for Narragansett Brewing. Located in Rhode Island, the brewing company will use funds to promote future growth.
Founded in 1890, Narragansett is New England's...
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July 29, 2014, 07:03 AM
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North Mill Capital LLC announced the funding of a $1 million accounts receivable and inventory credit facility to a distributor of souvenirs located in Massachusetts. Funds were utilized to pay out existing lenderand to provide working capital for...
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July 22, 2014, 07:09 AM
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North Mill Capital LLC announced the funding of a $5 million factoring credit facility to a company that distributes electronics to big box stores and is located in Minnesota. This is a start-up by management that had been in the industry. The...
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July 15, 2014, 07:11 AM
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North Mill Capital LLC announced the following transaction closings:
A $250,000 factoring facility to a company that provides fulfillment, warehousing and inventory management services and is located in Minnesota
A $250,000 accounts receivable...
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July 10, 2014, 07:08 AM
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North Mill Capital announced the funding of a $5 million accounts receivable and inventory credit facility and a $1 million term loan to a designer and manufacturer of medical instruments located in New Jersey. Funds were used to pay out current...
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July 01, 2014, 07:01 AM
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North Mill Capital announced the following transaction closings:
$3 million accounts receivable credit facility and a term loan to a plastic injection molder located in Wisconsin. Funds were utilized to repay current bank debt and provide...
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January 30, 2014, 07:00 AM
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North Mill Capital is pleased to announce the funding of a $3 Million Accounts Receivable Credit Facility for Sound Lounge LLC, a provider of audio post production work for the media industry, located in New York. The credit facility will be utilized...
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August 06, 2013, 10:17 AM
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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...
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July 18, 2013, 07:18 AM
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Princeton, NJ-based North Mill Capital announced the firm recently closed three transactions totaling $4.55 million. Details of the transactions are as follows:
A $2.6 million credit facility to a processor and converter of protective and...
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January 29, 2013, 07:02 AM
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David Raphaels has joined North Mill Capital as a senior vice president and business development officer. Raphaels brings over 20 years of asset based lending experience to North Mill, having held portfolio and marketing positions at PNC Business...
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November 09, 2012, 07:04 AM
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North Mill Capital announced the funding of the following transactions:
$1 Million accounts receivable credit facility to a long haul trucking company located in Michigan
$4 Million accounts receivable credit facility to a chrome polishing and...
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November 06, 2012, 02:00 PM
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