North Mill Capital
- Company typePublic
- Founded2010
- HeadquartersPrinceton, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
North Mill Capital firmographics
Firmographics- Name
- North Mill Capital
- Legal name
- SLR Business Credit
- Website
- https://northmillcapital.com
- Company type
- Public
- Founded year
- 2010
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
North Mill Capital industry classification
Industry- Product category
- Asset-Based Lending
- NAICS
- Credit Intermediation and Related Activities (522), Sales Financing (52222)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Supply Chain Finance (Trade Credit, PO/Inventory Financing) (FSAKAGAE)
- akta.pro secondary industry
- Specialty Finance / Structured Credit (FSANADAE)
Keywords
Where North Mill Capital is headquartered
LocationHeadquarters
- HQ city
- Princeton
- HQ country
- United States
- HQ region
- North America
Offices4 records
Markets served
North Mill Capital business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Asset-Based Lending: Leverages a custom mix of assets (receivables, inventory, equipment) to improve cash flow for borrowers with reduced reporting requirements.
- Accounts Receivable Financing: Employs receivables as collateral to provide quick turnaround for increased cash flow.
- Inventory Financing: Combined with ABL or Invoice Factoring loans to significantly expand cash flow using inventory as collateral.
- Equipment (M&E) Financing: Access value of machinery and equipment for additional cash flow.
- Invoice Factoring: Alternative to asset-based lending providing improved cash flow from existing assets through invoice-based financing.
- Term Loans: Combined with ABL or Invoice Factoring loans to leverage assets for increased cash flow through structured term facilities.
Go-to-market motion2 records
Distribution channels3 records
Marketing channels5 records
North Mill Capital product offering
Product offeringCore offering
North Mill Capital (operating as SLR Business Credit) is an asset-based lender providing working capital and structured financing solutions ranging from $50,000 to $30 million to U.S. mid-market companies. The company lends against a customized mix of collateral — receivables, inventory, machinery and equipment — through asset-based loans, invoice factoring, inventory financing, equipment financing, and term loans, with reduced reporting requirements and closings typically completed within three weeks.
Differentiator
Problem solved
Functional benefit
Products and services
- Working Capital Financing
Quantifiable outcome
- Loan closings completed within 3 weeks from initial contact
- +2 more outcomes
Companies that use North Mill Capital
Customer profileNamed customers16 records
Segments4 records
Ideal customer profiles2 records
North Mill Capital technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
North Mill Capital partnerships and signals
Strategic signalPartnerships
14 partnerships are on record, tiered minor.
- SLR Sponsor FinanceminorAffiliate company within the SLR Capital Partners network providing sponsor finance solutions.
- SLR Life SciencesminorAffiliate company providing specialized financing solutions for life sciences and healthcare sectors.
- SLR Lender FinanceminorAffiliate company providing financing solutions for other lenders and financial institutions.
- SLR Credit SolutionsminorAffiliate company providing credit solutions and financial products.
- SLR Equipment FinanceminorAffiliate company specializing in equipment financing solutions.
- SLR Corporate LeasingminorAffiliate company providing corporate leasing solutions.
- SLR Digital FinanceminorAffiliate company providing digital-focused financing solutions, particularly for digital media and ad tech companies.
- SLR Healthcare ABLminorAffiliate company specializing in asset-based lending for healthcare sector.
- Briar CapitalminorPartnership with Briar Capital providing flexible financing solutions as noted in School Health Corporation customer testimonial.
- Secured Finance NetworkminorProfessional industry organization for secured finance, asset-based lending, and factoring industries. Membership provides networking, education, and industry credibility.
- Turnaround Management AssociationminorProfessional association for turnaround management professionals. Membership supports industry connections and expertise.
- Risk Management AssociationminorProfessional association for risk management professionals in financial services.
- Association For Corporate GrowthminorGlobal association for M&A, growth, and corporate development professionals.
- International Factoring AssociationminorIndustry association for factoring and receivables financing professionals.
Scale indicators2 records
Recent moves6 records
Expansion highlights5 records
North Mill Capital competitors and assessment
Company assessmentEmerging players
- Fundbox: Fundbox provides working-capital credit and invoice financing to small businesses via a digital platform. Competes in receivables-based financing at the lower end of North Mill's range.
- BlueVine: BlueVine offers online invoice factoring and lines of credit to SMBs. Adjacent ABL/factoring product but targeting smaller borrowers via a fintech platform rather than direct relationship-led sales.
Broad incumbents
- CIT Group: CIT provides commercial finance, including factoring and asset-based lending, to middle-market companies. Broader incumbent with a much larger balance sheet and product portfolio.
- Hercules Capital: Hercules Capital is a publicly traded specialty finance company providing senior secured loans to venture-backed and middle-market borrowers. Comparable as a BDC-style specialty lender, though more growth/life-sciences focused.
- New Mountain Finance: New Mountain Finance is a BDC providing direct lending and asset-based financing to US middle-market companies. Comparable as a BDC-sponsored middle-market lender with ABL exposure.
Direct peers
- Triumph Business Capital: Triumph provides factoring and asset-based lending solutions to trucking, manufacturing, and distribution SMBs/middle-market borrowers. Highly comparable in factoring-led product offering.
- TAB Bank: TAB Bank provides asset-based lending, factoring, and equipment financing to small and middle-market US businesses. Comparable product set, smaller end of the deal-size spectrum.
- White Oak Commercial Finance: White Oak Commercial Finance provides asset-based lending, factoring, and equipment financing to middle-market US companies. Closely comparable to North Mill in product mix, deal-size range, and target borrower profile.
- Marlin Business Services: Marlin provides equipment financing and working-capital solutions to small and middle-market US businesses. Comparable in equipment financing focus and middle-market SMB orientation.
- Encina Capital Partners: Encina Capital Partners originates senior secured asset-based loans to US middle-market borrowers. Direct ABL peer with similar loan-size range and industry verticals.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks5 records
Key highlights6 records
Customer concentration
North Mill Capital social profiles
Digital presenceNorth Mill Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
North Mill Capital leadership team
Management profileNumber of profiles
Profiles1 record
North Mill Capital funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
North Mill Capital M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about North Mill Capital
What does North Mill Capital do?
North Mill Capital (operating as SLR Business Credit) is an asset-based lender providing working capital and structured financing solutions ranging from $50,000 to $30 million to U.S. mid-market companies. The company lends against a customized mix of collateral — receivables, inventory, machinery and equipment — through asset-based loans, invoice factoring, inventory financing, equipment financing, and term loans, with reduced reporting requirements and closings typically completed within three weeks.
Is North Mill Capital a public or private company?
North Mill Capital is a public company. It is classified as corporate owned and is currently operating.
When was North Mill Capital founded?
North Mill Capital was founded in 2010. It employs 11 to 50 people.
Where is North Mill Capital based?
North Mill Capital is headquartered in Princeton, United States, in the North America region.
How does North Mill Capital make money?
Six revenue lines are on record. Asset-Based Lending is the primary driver. The others are accounts Receivable Financing, inventory Financing, equipment (M&E) Financing, invoice Factoring and term Loans.
Who are North Mill Capital's main competitors?
Emerging players on record are Fundbox and BlueVine. Broad incumbents are CIT Group, Hercules Capital and New Mountain Finance. Direct peers are Triumph Business Capital, TAB Bank, White Oak Commercial Finance, Marlin Business Services and Encina Capital Partners.
Does North Mill Capital have an API?
No public API is recorded for North Mill Capital.
What industry is North Mill Capital in?
North Mill Capital's product category is Asset-Based Lending. Its primary akta.pro industry code is FSAKAGAE, Supply Chain Finance (Trade Credit, PO/Inventory Financing), with a secondary code of FSANADAE, Specialty Finance / Structured Credit. Its NAICS code is 522 and its SIC code is 6199.