North Mill Capital Provides $1,500,000 Asset Based Credit Facility to PRC Laser

North Mill Capital announced it has provided a $1.5 million asset-based facility to PRC Laser.

The funds were used to repay the previous lender and provide additional working capital to support growth. 

PRC Laser Corporation distributes and services lasers used for industrial applications and is headquartered in Charleston, South Carolina.

"PRC Laser is very happy to have North Mill Capital as our new ABL lender. The team at North Mill took the time to understand our business, our cash flow needs and provided us with an excellent product. We look forward to a long relationship with North Mill as we grow our business."  - Walter Wilson, President, PRC Laser Corporation

North Mill Capital provides asset-based loans and factoring facilities from $50,000 to $30 million to businesses in the United States. NMC is headquartered in New Jersey with regional offices in Minnesota and Utah and with sales offices throughout the country. North Mill Capital LLC is a portfolio company of Solar Senior Capital Ltd.

For further information, please contact Dan Tortoriello at (609) 917-6202 or DanT@NorthMillCapital.com.