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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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