Mill City Ventures outperforms in specialist finance
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New York, New York–(Newsfile Corp. – Aug. 2, 2022) – Mill City Ventures III, Ltd. (OTCQB: MCVT), a non-bank lender and specialty finance company, was recently the subject of media coverage by leading news site and publisher, SmallCapsDaily. The coverage details how Mill City Ventures is playing a key role for high-growth small businesses and property operators in a relatively unstable credit market environment, with higher thresholds for bank loans and rising interest rates. SmallCapsDaily’s deep dive outlines the fundamentals and returns of capital employed by Mill City Ventures III, Ltd. (OTCQB: MCVT), noting that Mill City specializes in lending money or other specialized financing options to public and private companies to fund their operations, including start-up, acquisition and growth.
The article also outlines how Mill City primarily focuses on lending to private and publicly listed companies and reveals that their goal is to provide above-market returns to their investors while working to reduce investor risk. Based in Wayzata, Minn., the coverage notes that Mill City also provides litigation financing, asset-backed loans, title loans, tax anticipation loans, home bridge loans, mortgages, and more. The company is headquartered in Wayzata, Minnesota.
Given its unique approach to lending, in that Mill City Ventures evaluates each loan application by considering hard data such as the borrower’s intent and ability to pay, as well as the value of the loan. ‘asset of any pledge collateral, coupled with the company’s fast processing speed that justifies the higher cost of borrowing for any borrower, potential borrowers are increasingly looking to Mill City.
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Key points to remember
With fewer reporting requirements, Mill City Ventures has significantly higher flexibility in its investments and lending policy and offers a great mix of aggressive lending and robust risk management.
Mill City Ventures posted a strong return on equity of 11% and an overall return on capital employed of 9.4%.
Mill City Ventures manages nearly $19 million, taking into account the company’s total debt and equity holdings.
Mill City has had an ROI on recent loans as high as 58.29%.
About Mill City Ventures III, Ltd.
Founded in 2007, Mill City Ventures III, Ltd., is a non-bank short-term lending and specialty finance company. Additional information can be found at www.sec.gov.
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/132545