$500,000 Accounts Receivable Credit Facility
$500,000 accounts receivable credit facility to an Illinois manufacturer of springs and metal stamping for the automotive industry. The company was a previous client that left a few years back to self-finance. The company found themselves in need of A/R financing again and contacted North Mill to see if they could come back. The funds were used to pay off two MCA lenders and provide additional working capital for the company.
Daniel F. Tortoriello
North Mill Capital provides asset-based loans and factoring facilities from $50,000 to $30 million.