$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 specialty wire products for the recycling and galvanizing industries.
Daniel F. Tortoriello
North Mill Capital provides asset-based loans and factoring facilities from $50,000 to $30 million.
North Mill Capital LLC is a portfolio company of Solar Senior Capital Ltd. [NASDAQ: SUNS]