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Mill City Ventures为Mustang Funding提供1000万美元贷款抵押
2025-02-03 20:39
- Mill City Ventures (NASDAQ:MCVT) has entered into a Security Agreement with Mustang Funding, where Mill City Ventures obtained a second-position lien on substantially all of Mustang Funding's assets to serve as collateral for Mill City Ventures' $10M principal amount loan to Mustang Funding.
- Under the terms, Mustang Funding pledged a broad range of assets as collateral for its $10M promissory note in favor of Mill City Ventures.
- This collateral ensures the protection of Mill City Ventures' interests while enabling Mustang Funding and its subsidiaries to continue accessing capital to support business operations.
- The loan, advanced in stages beginning in December 2022 and ending in September 2023, has been amended multiple times to align with evolving business needs.
- "We believe this agreement is a testament to our disciplined approach to structured finance and risk mitigation," said Douglas Polinsky, CEO of Mill City Ventures.
More on Mill City Ventures III
- Financial information for Mill City Ventures III
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