EQS-News

This Company’s Uplisting Could Be A Catalyst For Further Growth As It Reports Q2 Financial Results - Seite 2

Examples of sources of potential liquidity may include accounts receivable, another valuable asset, or a pending payment such as a tax refund, a litigation judgment, or a settlement payment that is reasonably expected to pay out prior to the maturity of the credit provided.

Collateral Value

Mill City said it will generally seek to collateralize the obligations owed to the company.

“Our ability to identify valuable collateral is a significant factor in our credit analysis and determination of the attractiveness of a potential transaction,” the company said.

“This analysis will often involve legal counsel, both to assist in the identification of potential collateral assets and to better understand the ease with which a security interest in the collateral may be granted, perfected and, if necessary, foreclosed upon and the relevant jurisdiction(s) involved.”

Experienced And Capable Management

Mill City indicated that it would seek businesses with an experienced, knowledgeable and capable management teams in transactions involving business borrowers.

Competitive Position

In transactions involving business borrowers, the company said it would seek to invest in transactions with businesses that have developed, or appear poised to develop, a strong competitive position within their respective industry sector or niche.

Cash Flow

Finally, in transactions involving business borrowers, Mill City said it would seek to invest in profitable or nearly profitable businesses on an operating cash-flow basis. It will do this principally so that the business’s operating cash flow may serve as another source of liquidity from which it may ultimately be repaid.

Read more about the SEC filing here.

Strong Financials

Shortly after going public, Mill City announced financial results for the three- and six-month periods that ended June 30.

Q2 2022 Highlights

• Investment income from lending operations increased 83% to $1.24 million in the three-month period ended June 30, up from $675,549 in the prior year.

For the six-month period, investment income from lending operations was $2.24 million compared to $1.2 million in the prior year period — an 83% increase.