North Mill Capital LLC (NMC) has acquired the portfolio of Sage Business Credit, a Minneapolis, Minnesota based company. The portfolio will be serviced by NMC's factoring operation in Minneapolis.
"This acquisition expands our factoring business in the Midwest," said Kristin Erickson, a senior vice president at NMC and the originator of the opportunity.
Rochelle Hilson, NMC's COO of factoring, added "Our long-term relationship with the shareholders of Sage and their excellent credit quality made this a perfect fit for us."
NMC is a national asset based lending and factoring company with full-service offfices in Princeton, New Jersey, Minneapolis, Minnesota and Salt Lake City, Utah. NMC is a wholly owned subsidiary of Solar Senior Capital (NASDAQ: SUNS).