North Mill Capital provided an $11.2 million asset-based credit facility to Arnold, MO-based LMC Industries, a manufacturer of metal stamping and plastic injection molded parts.
The funding was comprised of an accounts receivable and inventory credit facility in addition to an equipment-based term loan. The funding will be used to provide working capital.
North Mill Capital provides asset-based loans and factoring facilities from $50,000 to $30 million.
