Mar 9, 2020 | Asset Based Financing, Asset Based Lending, Business Financing, Case Studies, Fundings, Working Capital
NORWALK, CT $5,000,000 Asset-Based Revolving Line of Credit 203 Trading LLC is a distributor of refurbished computers and electronics headquartered in Norwalk, Connecticut. The funds will be used to repay the previous lender and provide additional working capital to...Read more
Mar 2, 2020 | Asset Based Financing, Asset Based Lending, Working Capital, Working Capital Financing
GEORGETOWN, SC $8,000,000 Asset-Based Credit Facility The funds were used to pay off the previous lender and provide additional working capital for the company. Coastal Wire Company was founded in 1978 and manufactures fully annealed, high-strength baling, tying and...Read more
Feb 24, 2020 | Asset Based Financing, Asset Based Lending, Fundings, North Mill Capital
WEST HAVEN, CT $750,000 Asset-Based Credit Facility The funds will be used to support the working capital needs of the business. Sylvan R. Shemitz Designs, Inc., doing business as The Lighting Quotient, designs, engineers and manufactures advanced luminaires for...Read more
Feb 17, 2020 | Revolving Line of Credit, Term Loans, Working Capital Financing
ROCKDALE, IL $3,000,000 REVOLVING LINE OF CREDIT $500,000 EQUIPMENT TERM LOAN FACILITY The proceeds were used to pay off the existing lender and provide additional working capital. Founded in 1980, Seating Concepts, LLC is a manufacturer of furniture and decor for the...Read more
Feb 10, 2020 | Fundings, North Mill Capital
CEDAR RAPIDS, IOWA $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 supplier of sealing products serving the...Read more
Feb 10, 2020 | Aquisitions, Article, North Mill Capital
By Eileen Wubbe TSL Featured Article in The Secured Lender TSL Express caught up with Jeff Goldrich, president, and CEO of North Mill Capital (NMC), on the lender’s recent acquisitions. North Mill Capital acquired two factoring companies in 2019: Sage Business Credit,...Read more
Feb 10, 2020 | Article, North Mill Capital
By Andrew Tellijohn As published in the January / February 2020 issue of Upsize Minnesota Magazine Download PDF > Mercedes Austin was a photography and psychology student 23 years ago. She was taking an art class for her sanity’s sake, but wasn’t planning on it...Read more
Feb 3, 2020 | Fundings, North Mill Capital
O’FALLON, MISSOURI $750,000 ACCOUNTS RECEIVABLE FACILITY The funds were used to pay off the current lender and provide additional working capital for the company. Phoenix Textile is a distributor of textiles, sheets, linens, and interiors to residential,...Read more
Jan 9, 2020 | Announcements, Hires, North Mill Capital
John McDonald has joined North Mill Capital (NMC) as an Assistant Vice President and Account Executive in its Minneapolis, Minnesota, office. McDonald was formerly with Sage Business Credit whose portfolio was acquired by NMC in December 2019. McDonald had been with...Read more
Jan 8, 2020 | Announcements, Hires, North Mill Capital
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 closely with NMC’s...Read more
