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Mill City Ventures III specializes in providing high-interest short-term loans to small businesses and individuals.
Mill City Ventures III, Ltd. operates as a specialty finance company providing high-interest short-term loans primarily to private businesses and high-net-worth individuals. Formed in 2006, the company transitioned from the gaming industry to a business development company in 2013, before resuming its focus on alternative finance methods after terminating its BDC status in late 2019. Their loans are structured to avoid classification as securities under federal regulations, typically involving collateral or personal guarantees to mitigate risks associated with lending.
The company emphasizes a flexible and creative approach to lending, targeting niche opportunities that larger institutions often overlook due to their size and regulatory constraints. This positions Mill City Ventures to offer bespoke financing solutions tailored to smaller transactions, with a focus on high returns while maintaining significant oversight of potential risks. The management team boasts extensive experience in entrepreneurial finance, which aids in their ability to quickly assess and capitalize on opportunities in the specialty finance market.
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