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Mill City Ventures Secures $5M Revolving Credit Facility

PRIVATEJan 19, 2022•over 4 years ago

Amount Raised

$5 Million

Round Type

Debt Financing

Minneapolis

Description

Mill City Ventures III, Ltd. (OTCBB: MCVT), a non-bank lender and specialty finance company, announced today the establishment of a revolving credit facility in the initial amount of $5 million. The facility will allow Mill City Ventures to leverage its current loan portfolio and continue meeting demand for loans. Management believes the facility will also allow for future earnings increases without equity dilution.

Company Information

Company

Mill City Ventures Iii Ltd

Location

Minneapolis, Minnesota, United States

About

Founded in 2007, Mill City Ventures III, Ltd., is a short-term non-bank lending and specialty finance company. More information about the company can be obtained at www.sec.gov. SOURCE Mill City Ventures III, Ltd.

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