North Mill Capital Announces New Transactions

North Mill Capital is pleased to announce the following transactions:

• A $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. North Mill Capital’s 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.
• A $2,000,000 accounts receivable credit facility to an Iowa-based consulting firm providing IT staffing and services to businesses throughout the country. The funds were used to payoff the business manager A/R line at the bank and provide additional working capital for the company.
• A $400,000 accounts receivable credit facility to a manufacturer of retail fixtures and point of purchase displays in Minnesota. The company provides engineering, design, and metal fabrication services for retail environments. The funds were used to paydown the bank and provide additional working capital for the company.