North Mill Capital provided a $7 million ABL revolver and a $1.575 million equipment term loan to an Aerospace Manufacturing Group.
North Mill Equipment Finance entered into a $30 million senior loan facility with East West Bank. The new facility adds to the company’s existing $50 million facility and will enable North Mill to expand its business of originating small-ticket equipment leases.
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.
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.