Daily News: August 9, 2017

North Mill Provides $2MM AR Facility to Cream Wine Co.


North Mill Capital funded a $2 million accounts receivable and inventory credit facility for Cream Wine Company.

The credit facility was utilized to repay current bank debt and provide additional working capital for the company.

Cream Wine Company is a Chicago-based, independent, family-owned and operated importer and distributor of wine, spirits and cider to restaurants and retailers in Illinois.

North Mill Capital provides asset-based loans and factoring facilities from $50,000 to $30 million.