North Mill Capital provided an $18 million asset-based revolving line of credit to Optical Cable Corporation, which used the funds to refinance a prior lender and to provide additional working capital.
Optical Cable Corporation is a manufacturer of a range of fiber optic and copper data communication cabling and connectivity solutions. The company is headquartered in Virginia with additional manufacturing facilities in Texas and North Carolina.
“North Mill Capital was very easy to work with and were able to move extremely fast, going from signed term sheet to funding in less than 30 days,” Neil Wilkin, president and CEO of Optical Cable Corporation, said.
North Mill Capital provides asset-based loans and factoring facilities from $50,000 to $30 million.
