North Mill Capital provided a $1.5 million revolving line of credit and a $450,000 equipment term loan to D.A. Distribution.
D.A. Distribution is a manufacturer and installer of decorative stones used for interior and exterior walls and fireplaces. The family owned and operated business has been serving the industry for over 40 years and is headquartered in Minnesota.
The funds were used to pay down the company’s bank and provide ongoing working capital for its expansion.
North Mill Capital provides asset-based loans and factoring facilities from $50,000 to $30 million.
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