North Mill Capital funded a $750,000 accounts receivable facility for Metromedia Technologies.
The funds will be used to pay off the previous lender and provide additional working capital for the company.
Located in New York, Metromedia Technologies is a media display company which serves the out of home advertising, sports and event venues and retail environments.
North Mill Capital provides asset-based loans and factoring facilities from $50,000 to $30 million to businesses in the United States. NMC is headquartered in New Jersey with regional offices in Minnesota and Utah and with sales offices throughout the country. North Mill Capital is a portfolio company of Solar Senior Capital.
