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North Mill Capital Funds $6MM for Abercrombie Textiles

August 21, 2015, 06:19 AM
Filed Under: Textiles

North Mill Capital has provided a $6,000,000 Total Credit Facility comprised of $4,000,000 Revolving Line of Credit $2,000,000 Term Loan & Capital Expenditure facility to Abercrombie Textiles. 

Headquartered in Cliffside, North Carolina, Abercrombie is a domestic weaver of flat woven upholstery fabric for the residential, hospitality, health care, recreational vehicle and transportation markets.

“From one of my first meetings with one of the principles of North Mill, they took an entrepreneurial approach to understanding our business. This approach carried through in its underwriting process and discussions with their management team. They have demonstrated an eagerness to grow with the domestic manufacturer and we look forward to going forward and growing with NMC."  John Regan, CEO - Abercrombie Textiles

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