North Mill Capital has acquired the portfolio of Sage Business Credit, a Minneapolis-based factoring company. The portfolio will be serviced by NMC’s factoring operation in Minneapolis. 

Kristin Erickson, a senior vice president at NMC and the originator of the opportunity, stated, “This acquisition expands our factoring business in the Midwest.”

Rochelle Hilson, NMC’s COO of factoring, said, “Our long-term relationship with the shareholders of Sage and their excellent credit quality made this a perfect fit for us.”   

NMC is a wholly-owned subsidiary of Solar Senior Capital.