Daily News: October 22, 2019

North Mill Capital Funds $6MM Facility for Logistics Company


North Mill Capital funded a $6 million credit facility for a logistics company in North Carolina.

The company provides maintenance, supply and warehouse chain management, transportation, IT and base operations support personnel primarily for the U.S. military.

The funds were utilized to repay the previous lender and provide working capital for the company.

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 is a portfolio company of Solar Senior Capital.