Mill City Ventures III, Ltd. - Common Stock (MCVT)
2.7869
-0.1631 (-5.53%)
Mill City Ventures III Ltd is a public company focused on providing financial solutions primarily in the form of debt and equity investments
The firm specializes in working with early-stage and growth-oriented businesses across various sectors, seeking to empower emerging companies with the capital they need to expand and thrive. Mill City's strategic approach involves not only offering financial support but also leveraging its expertise to assist portfolio companies in navigating challenges and optimizing their operational strategies. Through these investments, the company aims to generate returns for its shareholders while fostering the development of innovative ventures.
MINNEAPOLIS, Minn., September 13, 2022 – Mill City Ventures III, Ltd. (“Mill City” or the “Company”) (NASDAQMCVT) announced today its funding of a settled insurance claim in the amount of $840,000.
Learn more about Mill City Ventures III, Ltd. by gaining access to the latest research report. Going public on bigger markets gives private companies a perfect opportunity to generate capital to help further growth, reduce debt, fund research and development (R&D) and take care of other business operations.
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Mill City Ventures III, Ltd (NASDAQMCVT) financed a paid insurance claim of $0.55 million. What Happened? The related short-term note will likely mature in 120 days, with a payback of $0.62 million, representing an annualized return of 36.36%.
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Mill City Ventures III, Ltd (NASDAQMCVT), a non-bank lender and specialty finance company, proposed its guidance for the second quarter of the 2022 fiscal year.
