$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 financing partner to help meet substantial near term growth needs.
Headquartered in California, the company provides a wide range of oral and personal hygiene products and is currently meeting the demands for much-needed hand sanitizing products.
With time being of the essence, North Mill Capital was able to complete the transaction within three weeks which included working with the purchase order company, prior lender, account debtors, suppliers, and our staff. They have proven to be a knowledgeable, experienced, and motivated group to work with. — President & CEO of the company
Daniel F. Tortoriello
EXECUTIVE VP & COO
North Mill Capital provides asset-based loans and factoring facilities from $50,000 to $30 million.