North Mill Provides $7MM ABL to Phoenix Textile

North Mill Capital provided a $7 million asset-based revolving line of credit to Phoenix Textile.
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The funds were utilized to pay off current lender and provide additional working capital.
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Based in Missouri, Phoenix Textile is a distributor of textiles, sheets, linens and interiors to residential, hospitality, government institutions and healthcare facilities across the country. The family-owned and operated company has been in business since 1983.