North Mill Capital provided an $18 million asset-based revolving line of credit to Optical Cable Corporation, which used the funds to refinance a prior lender and to provide additional working capital.
North Mill Capital provided a $1.25 million accounts receivable credit facility to Minneapolis-based Mighty Spark, which used the funds to provide additional working capital for growth and expansion.
North Mill Capital delivered a $1 million accounts receivable credit facility to Rebel Green, which provides a line of natural, eco-friendly household cleaning products.
North Mill Capital provided a $500,000 accounts receivable facility to The Right Staff, a professional employment firm with locations in Minneapolis.
North Mill Capital provided $4.4 million in recent accounts receivable credit facilities, including a $2 million facility to an LTL transportation company.
North Mill Capital provided a $750,000 accounts receivable facility to Geartek, a company that specializes in engineered products for equipment rotation.
North Mill Capital provided $2.75 million in recent transactions, including a $1.75 million asset-based revolving line of credit to a wholesaler and distributor of maple syrup in Wisconsin.
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.
North Mill Capital provided a $1.5 million asset-based credit facility to PRC Laser. The funds were used to repay a previous lender and provide additional working capital to support growth.
North Mill Capital provided a $15 million accounts receivable factoring facility to a provider of oral and personal hygiene products.