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North Mill Capital Funds $8,000,000 Asset-Based Credit Facility to Coastal Wire Company
March 2, 2020
Source: North Mill Capital
North Mill Capital is pleased to announce the funding of an $8,000,000 asset-based credit facility to Coastal Wire Company based in Georgetown, SC. The funds were used to pay off the previous lender and provide additional working capital for the company.’
North Mill Capital is pleased to announce the funding of an $8,000,000 asset-based credit facility to Coastal Wire Company based in Georgetown, SC.
The funds were used to pay off the previous lender and provide additional working capital for the company.
Coastal Wire Company was founded in 1978 and manufactures fully annealed, high-strength baling, tying and specialty wire products for the recycling and galvanizing industries.
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 or DanT@NorthMillCapital.com.
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