Daily News: May 17, 2018

North Mill Provides $1MM A/R Facility to Corchran

North Mill Capital provided a $1 million accounts receivable facility to Waseca, MN-based Corchran.

The funds were used to pay down the company’s existing lender and provide ongoing working capital.

Corchran is a fabricator of custom metal. It provides a full range of services, including laser cutting, punching, shearing, press forming, robotic welding, machining, painting and equipment assembly.