By Ernest Dela Aglanu, Benzinga
Wayzata, Minnesota –News Direct– Mill City Ventures III, Ltd
Cultivating a culture of saving or investing can help ensure a comfortable financial future.
As simple as it sounds, however, storing money or an asset for future profit can be a daunting habit to achieve because it usually requires sacrifice.
As the global economy continues to suffer due to a series of difficulties such as the COVID-19 pandemic, the Russian-Ukrainian war and high inflation, investing could help cushion shocks as the economic crisis continues. .
Types of investments
For anyone wishing to invest, it may be prudent to first consult a Financial Advisor to guide you and help you determine what type of investment can help you achieve your financial goals.
The advisor can introduce you to popular investment options such as stocks, bonds, mutual funds, index funds, exchange-traded funds (ETFs), and options.
You can also borrow to invest for the long term, through equity margin loans or investment property loans. A margin loan allows you to borrow money to invest in stocks, ETFs and managed funds.
When it comes to where you could go for such loans, a few names come up – like Manhattan Bridge Capital Inc. (NASDAQ: READY), Oxford Square Capital Corp. (NASDAQ:OXSQ), US Global Investors Inc. (NASDAQ:GROW) and Mill City Ventures III Ltd. (NASDAQ: MCVT).
Another type of lender?
Unlike some other players in the industry, Mill City specializes in debt and equity investments of public and private companies seeking to finance their operations, whether to start up, acquire another business or fuel the growth.
Founded in January 2006, the firm says it focuses primarily on investing, lending and providing management assistance to private and publicly listed companies.
Over the years, Mill City notes that it has provided non-bank loans and specialty finance to businesses and individuals on a secured and unsecured basis. The main specialized financing solutions offered by the company are short-term, high-interest loan agreements.
Designed for individuals, business owners, homeowners, property developers and small business owners, business loan agreements sometimes involve the business obtaining collateral as security for the repayment of funds by the business owner. ‘borrower.
Corporate loans generally have maturities ranging from 9 to 12 months and may involve collateral or, in the case of corporate loans, personal guarantees from the principals of the borrower.
Nature of lending operations
Since the start of non-bank lending operations in January 2020, its average loan size and its blended rate trajectory have increased year-over-year. This change is a result of the company’s focus on providing larger loans that typically have additional features such as borrower quality and collateral levels.
Key Investment Considerations
The management has experience in entrepreneurial businesses and finance.
The company is not subject to many of the regulatory limitations that govern other traditional lenders or institutional competitors.
Mill City operates with reduced operating costs, which allows for greater leverage on the income statement.
Management is continuously focused on the upward and rightward movement of mixed portfolio returns within the context of appropriate risk mitigation.
The company takes advantage of inorganic growth opportunities in the market through add-on and accretive acquisitions.
For a bespoke lender that provides personalized and tailor-made loans to meet a client’s needs, Mill City could have an advantage over its competitors, an important factor being that it is not subject to many regulatory limitations that govern traditional lenders or institutional competitors.
Learn more about Mill City Ventures at millcityventures3.com.
Founded in 2007, Mill City is a non-bank short-term lending and specialty finance company. Additional information is available at www.sec.gov.
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