Mill City Ventures III, Ltd. (MCVT) funded an additional $1 million advance to Coventry Holdings of Minnesota, LLC. This advance was made pursuant to an existing short-term credit and security agreement. It further supports the operations of the Twin Cities-based senior care provider.
This additional funding demonstrates MCVT's continued commitment to its client relationships. It also signifies ongoing activity in its specialty finance business. The company provides capital to businesses through secured loan agreements.
Such advances contribute to MCVT's consistent generation of investment income. The company's lending operations remain fully operational. They provide a stable foundation for its overall financial performance.
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