Oct 5, 2020 | Asset Based Financing, Asset Based Lending, Fundings, North Mill Capital, Working Capital Financing, Working Capital Loans
RUTLAND, VERMONT $4,000,000 Asset-Based Revolving Line of Credit Tropical Aquaculture Products, Inc. is an importer and distributor of fresh, clean seafood headquartered in Rutland, Vermont. The funds were utilized to pay off the current bank credit line and provide...Read more
Jul 13, 2020 | Accounts Receivable Financing, Fundings, North Mill Capital, Working Capital Financing
MEQUON, WISCONSIN $1,000,000 ACCOUNTS RECEIVABLE CREDIT FACILITY The funds were used to pay off the previous lender and provide additional working capital for the company. Rebel Green, LLC is located in Mequon, Wisconsin, and provides a broad line of natural,...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 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 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
