North Mill Capital has acquired the portfolio of Sage Business Credit, a Minneapolis-based factoring company. The portfolio will be serviced by NMC’s Minneapolis factoring operation.

“This acquisition expands our factoring business in the Midwest,” said Kristin Erickson, a senior vice president at NMC and the originator of the opportunity.

Rochelle Hilson, NMC’s COO of factoring, added “Our long-term relationship with the shareholders of Sage and their excellent credit quality made this a perfect fit for us.”