"Texan Rentals was looking for a flexible working capital provider that had the ability to think outside the box and the willingness to provide support during a period of aggressive growth. Cost of funding, time to close and increased liquidity were our critical needs when we went through the selection process for a lender. North Mill Capital was flexible, quick and attentive to Texan's needs. We found that the underwriting staff at NMC was very responsive, understood our business very quickly and closed a $6.5 million line of credit much quicker than originally anticipated. Texan is now positioned to undertake agressive growth in the coming year and beyond thanks to NMC's assistance."
Texan Rentals & Lease Services
"NMC Team: Thanks so much for getting this done so quickly and really working with us. We really appreciate how flexible you have been throughout the entire process--you said you were going to do this Loan Modification and you did not back down. It's nice to know we can really count on you. Thanks again."
Phoenix Management Services
"My client needed a flexible line of credit to be able to work through growth spurts and operational improvements. North Mill Capital provided that credit for a temporary period of time and was easy to work with from start through the transition to a traditional line at a commercial bank."
Optimus Financial Services, LLC
"We were referred to North Mill Capital for working capital financing. We were able to tell our story to the decision makers. Together, we were able to sit across the table and work out a deal."
Cardella Waste Service
"The experience with North Mill Capital was nothing but seamless and pleasant."
"We were able to keep our owners equity structure intact through a very rapid growth period thanks to the resources provided by North Mill Capital. We now have a highly motivated management team due to the ownership they retained when dilution was a constant risk."
"We are very excited about our new financing relationship with North Mill. During the due diligence process, North Mill invested the time and effort in getting to know our company, our industry, and to understand our financing needs. As a result, they were able to tailor a product specific to the needs of our company providing us with the necesary capital to execute our business plan."
OneTouch Direct LLC
"From one of my first meetings with one of the principles of North Mill, they took an entrepreneurial appproach to understanding our business. This approach carried through in its underwriting process and discussions with their management team. They have demonstrated an eagarness to grow with the domestic manufacturer and we look forward to going forward and growing with NMC."
"North Mill's dedicated team of creative professionals cared about me and Sissini Food Services, Inc. They were the difference between barely surviving to truly thriving."
Sisinni Food Services, Inc. d.b.a. Main Street Bakery
"North Mill Capital played a key role in putting together a complex financing strategy for our Company during a very tough bank credit period. We would not have been able to continue to grow without the additional cash flow provided through the financing of our receivables that North Mill provided. They got us through that difficult period and provided us with great ideas that allowed us to return to standard bank financing. We are still using their credit analysis services for new and existing customers."
Crawford Door Sales Company
"We needed financing as our bank decided to exit the ABL market. We were contacted by North Mill Capital. They were able to close our loan within 3 weeks. We repaid the bank and obtained additional working capital through a revolving line of credit and term facility. I highly recommend them."
"Our experience with North Mill Capital was extremely professional and provided us a positive alternative of financing for a transition period."
Gardner Opening Technologies, Inc.
We greatly appreciate the partnership we have had with North Mill Capital. You can use us as reference at any time. I mean that. You have been:
- Responsive: I think you all work 24/7.
- Reasonable: You approached every aspect of our account as a reasonable business person would.
And Heidi is the best account rep we could have had. Thank you all!
"From financing arranged at the time the business was acquired, through quick and predictable cash flow availability provided by ongoing receivables financing, North Mill Capital has played an important role in our development."
"I want to 'Thank You' for the NMC loan to Duffey Paper Company and for working with us. Your help and service was much appreciated. Thanks again."
C.J. Duffey Paper Company
- For an invoice based financing facility usually 1 to 2 weeks
- For an asset based lending facility it usually takes 3 to 6 weeks
Yes. Depending on circumstances you may qualify for either an invoice based or asset based lending credit facility.
- Companies who cannot obtain adequate bank financing
- Undercapitalized or new companies
- Growth orientated companies
- Companies with low or negative net worth
- Companies experiencing losses
- Companies working through bankruptcy
- Companies with tax problems
Factoring is the purchase of an account receivable for immediate cash. Factoring is a great tool to help a company grow without creating any debt or diluting equity.
Asset based lending differs from factoring in that monies are lent based upon a pool of assets (accounts receivable, inventory and equipment) rather than on individual invoices. Asset based loans require timely and accurate financial reporting, borrowing base certificates and other reporting as needed.
North Mill Capital serves a wide range of companies including, but not limited to: Manufacturers, Distributors, Wholesalers, and Service Providers such as trucking companies, staffing companies, security guard services, etc .
Most of our clients have annual revenues between $1 million and $100 million.
Typically same day.
Anywhere from 6 to 36 months.
For customers utilizing our financing products we will obtain credit reports on your larger customers, help set credit limits, and alert you to changes over time.