North Mill Capital announced the funding of a $1.5 million accounts receivable and inventory credit facility for Digital Innovations.
North Mill Capital announced the funding of a $1 million accounts receivable and inventory credit facility for Sic Lazaro.
North Mill Capital announced the funding of a $1.3 million asset-based lending credit facility, including accounts receivable and inventory, for Rainbow Book Company.
North Mill Capital funded a $3 million A/R credit facility for Sound Lounge, a provider of audio post production work for the media industry.
Colford Capital said that Stellus Capital has provided it with $25 million in the form of senior secured notes. A portion of the proceeds will be used to fuel the expansion of Colford’s North Mill Capital.
North Mill Capital announced that Debbie Sill joined the company as business development officer/senior vice president. She will be based in the Chicago area.
Robert Schnitzer joined North Mill Capital as senior vice president and business development officer. Previously, Schnitzer worked in the ABL divisions at Sterling National Bank, Fleet/Summit Bank and Gibraltar.
Acquisition Prompts Expansion… With PrinSource, North Mill Enlarges Footprint, Adds Factoring Services to Offerings
What started as a business idea at the dawn of the economic crisis, North Mill Capital is now a formidable competitor in the small-ticket lending space thanks to its dedicated founding stakeholders and solid organic growth. Today, through its recent acquisition of PrinSource Capital, North Mill has expanded its footprint westward and added factoring services to its product offerings.