North Mill Capital provided a $750,000 accounts receivable facility to Geartek, a company that specializes in engineered products for equipment rotation. The funds were used to pay off a previous lender and provide additional working capital for the company.
Founded in 1986, GearTek specializes in engineered products for equipment rotation. The company is headquartered in Hartland, WI with two additional locations in Washington and Pennsylvania.
North Mill Capital provides asset-based loans and factoring facilities from $50,000 to $30 million.