North Mill Capital provided a $15 million accounts receivable factoring facility to a provider of oral and personal hygiene products.
The funds were used to pay off the company’s previous lender and provide additional working capital to support the company’s growth. North Mill also entered into an intercreditor agreement with a purchase order financing partner to help meet near-term growth needs.
North Mill Capital provides asset-based loans and factoring facilities from $50,000 to $30 million to businesses in the United States.
