Mill City Ventures III, Ltd. (MCVT) announced a partial funding commitment of a $3 million aggregate loan. This commitment is with a fast-growing Twin Cities-based operator of senior care facilities. The loan supports the expansion and operations of a key client in the healthcare sector.
This new loan commitment demonstrates MCVT's continued engagement in its core short-term lending business. The company focuses on providing secured, non-bank loans to small businesses and high-net-worth individuals. This activity generates consistent investment income.
The commitment highlights MCVT's role in supporting specific industry segments. Its hands-on advisory approach fosters deeper client relationships. This can be a competitive advantage in the specialty finance market.
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