$2,000,000 Accounts Receivable Credit Facility
$2,000,000 accounts receivable credit facility to an LTL transportation company specializing in the transport and storage of products for industrial manufacturers throughout the Midwest. The business is headquartered in Wisconsin with additional locations in Ohio, Michigan and Indiana.
Our funding was simultaneous with a term loan provided by an equipment finance group. The funds were utilized to repay the bank’s credit facilities and to provide ongoing working capital for the company.
Daniel F. Tortoriello
North Mill Capital provides asset-based loans and factoring facilities from $50,000 to $30 million.