Jun 8, 2020 | Fundings, North Mill Capital, Revolving Line of Credit, Working Capital
WISCONSIN $1,750,000 Revolving Line of Credit $1,750,000 asset-based revolving line of credit to a wholesaler and distributor of pure maple syrup in Wisconsin. Together with CRF USA’s SBA loan, the company was able to repay the bank’s revolving facility...Read more
Jun 8, 2020 | Accounts Receivable Financing, Fundings, North Mill Capital, Working Capital
ILLINOIS $500,000 Accounts Receivable Credit Facility $500,000 accounts receivable credit facility to an Illinois manufacturer of springs and metal stamping for the automotive industry. The company was a previous client that left a few years back to self-finance. The...Read more
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
