Sep 23, 2019 | Fundings, North Mill Capital
AUBURN HILLS, MICHIGAN $15,000,000 TOTAL CREDIT FACILITY The funds were utilized to pay off the bank and provided the additional working capital the company was looking for to support their plans for growth. SPAR Group, Inc. provides merchandising and other marketing...Read more
Sep 16, 2019 | Asset Based Financing, Asset Based Lending, Fundings, North Mill Capital
HUNTINGTON BEACH, CALIFORNIA $7,000,000 ASSET BASED REVOLVING LINE OF CREDIT AND $1,575,000 EQUIPMENT TERM LOAN FACILITY The proceeds were used for acquisition financing and working capital. Aerospace Manufacturing Group, Inc. has been a value-added supplier of...Read more
Feb 25, 2019 | Fundings, Working Capital, Working Capital Financing, Working Capital Loans
THE SITUATION In business for 50 years, this 2nd-generation family-owned job shop has specific expertise building specialized metal housings for electrical systems. Their recent rapid growth resulted in an increased need for working capital, which could not be...Read more
Feb 25, 2019 | Asset Based Financing, Asset Based Lending, Fundings, Working Capital, Working Capital Financing, Working Capital Loans
THE SITUATION When a large staffing company needed funding in less than a week, Summit came through. This company provides translators and other services for the U.S. Government overseas. Their quarterly bonuses were due, but the company’s funding source was...Read more
Jul 20, 2018 | Fundings, North Mill Capital
Princeton, NJ January through June 2018 Deal Announcements North Mill Capital LLC is pleased to announce the funding of the following transactions: $3,000,000 to China Direct International http://bit.ly/2m9k84n $1,000,000 to Corchran, Inc. http://bit.ly/2unbsLq...Read more
Jul 15, 2018 | Fundings, Working Capital, Working Capital Financing, Working Capital Loans
THE SITUATION When a new ownership group acquired control of this existing trucking and packaging firm, they tried to get a bank line of credit. But due to the start-up nature of the new entity, they did not qualify. The bank referred the company to Summit. THE...Read more
