North Mill Capital funded a $7 million asset based revolving line of credit and a $1.575 million equipment term loan facility for Aerospace Manufacturing Group.

The proceeds were used for acquisition financing and working capital.

Headquarted in Huntington Beach, CA, Aerospace Manufacturing Group has been a value added supplier of precision components and subassemblies to the aerospace industry since 1941.

“North Mill Capital was extremely responsive throughout the process allowing us to meet a very pressing acquisition timeline,” said Kelly Kellar, president of Aerospace Manufacturing

North Mill Capital provides asset-based loans and factoring facilities from $50,000 to $30 million to businesses in the U.S. It is a portfolio company of Solar Senior Capital.