North Mill Capital funded a $1.25 million accounts receivable facility for Performance Freight Systems. The funds were used to pay off a previous lender and to provide additional working capital.
Performance Freight Systems is a family-owned and operated freight carrier headquartered in Milwaukee. The company provides consolidation and distribution service, LTL and TL deliveries, expedited availability, and operates 24 hours a day, 365 days a year.
North Mill Capital provides asset-based loans and factoring facilities from $50,000 to $30 million.
