Daily News: December 6, 2012

North Mill Capital Completes Eight A/R Transactions


North Mill Capital announced the funding of eight transactions. Each of the facilities will be utilized for working capital purposes. The deals include:

  • $6 million accounts receivable credit facility to a medical transportation company for state agencies located in Missouri.

  • $4 million accounts receivable credit facility to a transportation company for local agencies located in Missouri.

  • $8 million accounts receivable and inventory credit facility to a distributor of video games and accessories located in New York.

  • $500,000 accounts receivable factoring facility to a service provider for the telecom industry located in New Jersey.

  • $7.5 million accounts receivable credit facility to a door and window manufacturer located in Wisconsin.

  • $925,000 accounts receivable and inventory credit facility for an ink cartridge distributor located in Wisconsin.

  • $300,000 accounts receivable factoring facility to a recruiting, sourcing and consulting company located in Minnesota.

  • $750,000 accounts receivable factoring facility to a metal fabricator located in Minnesota.

    North Mill Capital also offers term loans in conjunction with revolving lines of credit.