{"id":401248,"date":"2020-12-16T15:01:06","date_gmt":"2020-12-16T20:01:06","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=401248"},"modified":"2020-12-16T15:01:06","modified_gmt":"2020-12-16T20:01:06","slug":"mill-city-completes-additional-loan-funding","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/mill-city-completes-additional-loan-funding\/","title":{"rendered":"Mill City completes additional loan funding"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n MINNEAPOLIS<\/span>, Dec. 16, 2020<\/span> \/PRNewswire\/ —\u00a0Mill City Ventures III, Ltd. (“Mill City”) (OTCQB: MCVT) announced today the completion of a $1.25M<\/span> loan to a borrower in anticipation of a tax refund to the borrower. The borrower has a robust business in real estate and has offered substantial collateral to secure the loan. <\/p>\n

Specific terms of the loan were not disclosed. However, Mill City Chief Executive Officer Douglas M. Polinsky<\/span> said, “The loan was made to a very qualified borrower and the terms fall in line with the general profile of our existing loan portfolio. We are able to receive above market rates due to our quick underwriting and funding.”<\/p>\n

\n Forward-Looking Statements<\/u>\n <\/p>\n

Forward-looking statements in this release are made pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. \u00a0These forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements, including without limitation continued demand for short-term specialty non-bank loans, increased levels of competition, new products or offerings introduced by competitors, changes in the market rates of loans, and other risks.<\/p>\n

\n About Mill City Ventures III, Ltd.<\/u>\n <\/p>\n

Founded in 2007, Mill City Ventures III, Ltd., is a specialty finance company providing short-term non-bank lending. Additional information can be found at www.sec.gov<\/a>.<\/p>\n

\n \"Cision\" View original content:http:\/\/www.prnewswire.com\/news-releases\/mill-city-completes-additional-loan-funding-301194497.html<\/a><\/p>\n

SOURCE Mill City Ventures III, Ltd.<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire MINNEAPOLIS, Dec. 16, 2020 \/PRNewswire\/ —\u00a0Mill City Ventures III, Ltd. (“Mill City”) (OTCQB: MCVT) announced today the completion of a $1.25M loan to a borrower in anticipation of a tax refund to the borrower. The borrower has a robust business in real estate and has offered substantial collateral to secure the loan. Specific terms of the loan were not disclosed. However, Mill City Chief Executive Officer Douglas M. Polinsky said, “The loan was made to a very qualified borrower and the terms fall in line with the general profile of our existing loan portfolio. We are able to receive above market rates due to our quick underwriting and funding.” Forward-Looking Statements Forward-looking statements in this release are made … <\/p>\n

Continue reading “Mill City completes additional loan funding”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-401248","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nMill City completes additional loan funding - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/mill-city-completes-additional-loan-funding\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mill City completes additional loan funding - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire MINNEAPOLIS, Dec. 16, 2020 \/PRNewswire\/ —\u00a0Mill City Ventures III, Ltd. (“Mill City”) (OTCQB: MCVT) announced today the completion of a $1.25M loan to a borrower in anticipation of a tax refund to the borrower. The borrower has a robust business in real estate and has offered substantial collateral to secure the loan. Specific terms of the loan were not disclosed. However, Mill City Chief Executive Officer Douglas M. Polinsky said, “The loan was made to a very qualified borrower and the terms fall in line with the general profile of our existing loan portfolio. We are able to receive above market rates due to our quick underwriting and funding.” Forward-Looking Statements Forward-looking statements in this release are made … Continue reading "Mill City completes additional loan funding"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/mill-city-completes-additional-loan-funding\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-16T20:01:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=CG26889&sd=2020-12-16\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/mill-city-completes-additional-loan-funding\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/mill-city-completes-additional-loan-funding\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Mill City completes additional loan funding\",\"datePublished\":\"2020-12-16T20:01:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/mill-city-completes-additional-loan-funding\\\/\"},\"wordCount\":247,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/mill-city-completes-additional-loan-funding\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/c212.net\\\/c\\\/img\\\/favicon.png?sn=CG26889&sd=2020-12-16\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/mill-city-completes-additional-loan-funding\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/mill-city-completes-additional-loan-funding\\\/\",\"name\":\"Mill City completes additional loan funding - 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