Jun 1, 2020 | Accounts Receivable Financing, Fundings, North Mill Capital
MILWAUKEE, WISCONSIN $1,250,000 Accounts Receivable Facility The funds were used to pay off the previous lender and provide additional working capital for the company. Performance Freight Systems, Inc. is a family-owned and operated freight carrier headquartered in...Read more
May 11, 2020 | In The News, North Mill Capital
PPE Funding Roundtable As published in The Secured Lender By Eileen Wubbe Four executives from SFNet member companies discuss their experience in adapting to the surge of funding requests for personal protection equipment (PPE). TSL Express sat down with Jeff...Read more
May 4, 2020 | Asset Based Financing, Asset Based Lending, Fundings, North Mill Capital, Working Capital
CHARLESTON, SC $1,500,000 Asset-Based Credit Facility The funds were used to repay the previous lender and provide additional working capital to support growth. PRC Laser Corporation distributes and services lasers used for industrial applications and is headquartered...Read more
Apr 27, 2020 | Accounts Receivable Financing, Fundings, Invoice Factoring, North Mill Capital
CALIFORNIA $15,000,000 Accounts Receivable Factoring Facility The funds were used to pay off the previous lender and provide additional working capital to support the Company’s growth. NMC also entered into an inter-creditor agreement with a purchase order...Read more
Apr 24, 2020 | In The News, North Mill Capital
Women Leaders Talk About Advancing in the Ranks As published in The Secured Lender By Myra Thomas Women executives are increasingly making their mark in secured finance by heading up divisions at banks or leading more entrepreneurial shops. It’s certainly helped that...Read more
Apr 20, 2020 | Asset Based Financing, Fundings, North Mill Capital, Revolving Line of Credit
LANDSVILLE, PA $1,250,000 Asset-Based Revolving Line of Credit The funds were utilized to provide additional working capital for the company. Yurchak Printing, Inc. is based in Landisville, Pennsylvania and offers high quality, short-run digital book manufacturing...Read more
Apr 17, 2020 | In The News, North Mill Capital
NON-RATING ACTION COMMENTARY FITCH COMPLETES BDC PEER REVIEW; FIVE OUTLOOKS REVISED TO NEGATIVE Fitch Ratings-New York-17 April 2020: Fitch Ratings has completed a review of nine business development companies (BDCs) in light of expectations for heightened credit...Read more
Apr 17, 2020 | In The News, North Mill Capital
RATING ACTION COMMENTARY Fitch Affirms Solar Capital Ratings at ‘BBB-‘; Outlook Stable Fitch Ratings – Chicago – 17 Apr 2020: Fitch Ratings has affirmed Solar Capital Ltd.’s (Solar) Long-Term Issuer Default Rating (IDR), senior secured...Read more
Apr 16, 2020 | In The News, North Mill Capital
What advice would you offer to women just starting outin the industry? The two pieces of advice I would tell women starting out is numberone, build your team and number two, build your network. Figure out what resources you might need, and then find your “go to”...Read more
Mar 16, 2020 | Business Financing, Fundings, Revolving Line of Credit, Total Credit Facility
FONTANA, CA $19,000,000 Total Credit Facility 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 revolving and term loan lenders and provide...Read more
