Mill City Ventures III Ltd. Boosts Credit Facility Interest Rate to 24% and Introduces New $400K High-Yield Loan

Reuters

2025/07/07

Mill City Ventures III Ltd. Boosts Credit Facility Interest Rate to 24% and Introduces New $400K High-Yield Loan

Mill City Ventures III, Ltd. (NASDAQ:MCVT), a non-bank lender and specialty finance company based in Wayzata, Minnesota, has announced significant updates to its lending portfolio. The company has increased the interest rate on an existing $2.5 million credit facility from 15% to 24% while extending its maturity date, demonstrating its proactive management strategy. Additionally, Mill City has originated a new $400,000 secured short-term loan, also carrying a 24% interest rate. These financial maneuvers reflect Mill City's commitment to disciplined underwriting standards and its focus on generating superior risk-adjusted returns for investors, as highlighted by CEO Douglas M. Polinsky. The company continues to see robust demand for its short-term capital solutions across various sectors, including real estate and small business lending.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Mill City Ventures III Ltd. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 1046111) on July 07, 2025, and is solely responsible for the information contained therein.

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Boosts Credit Facility Interest Rate to 24% and Introduces New $400K High-Yield Loan","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Mill City Ventures III Ltd. Boosts Credit Facility Interest Rate to 24% and Introduces New $400K High-Yield Loan\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        <a href=\"https://laohu8.com/S/MCVT\">Mill City Ventures III, Ltd.</a> (NASDAQ:MCVT), a non-bank lender and specialty finance company based in Wayzata, Minnesota, has announced significant updates to its lending portfolio. The company has increased the interest rate on an existing $2.5 million credit facility from 15% to 24% while extending its maturity date, demonstrating its proactive management strategy. 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Boosts Credit Facility Interest Rate to 24% and Introduces New $400K High-Yield Loan\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-07-07 19:30</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Mill City Ventures III Ltd. 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ID: 1046111) on July 07, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4164","symbol_name":"特殊金融服务","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250707:nNDL7CZMzZ:1","article_id":"2549531351","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2549531351","pubTimestamp":1751887817,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Mill City Ventures III, Ltd. , a non-bank lender and specialty finance company based in Wayzata, Minnesota, has announced significant updates to its lending portfolio. 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