North Mill Acquires Sage Business Credit Portfolio

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.

Like this story? Begin each business day with news you need to know! Click here to register now for our FREE Daily E-News Broadcast and start YOUR day informed!

Leave a comment

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
[email protected]
Susie Angelucci
Advertising: 484.459.3016
[email protected]

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.