Mill City Ventures III Ltd (OQ:MCVT)
Business Focus: Consumer Lending
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Latest 10 SEC Form 4 filings for MCVT*US within the last 6 months
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Company News
Sep 11, 2023 08:30 ET
Mill City Ventures III, Ltd. Extends Further Credit to Mustang Litigation Funding
MINNEAPOLIS, MN / ACCESSWIRE / September 11, 2023 / Mill City Ventures III, Ltd. ("Mill City") (NASDAQ:MCVT), a specialty short-term finance and non-bank lender, announced today that it extended an additional $1 million of short-term loan principal to Mustang Funding LLC d/b/a Mustang Litigation Funding ("Mustang") and refinanced and extended earlier provided short-term loan principal.
Apr 17, 2023 11:55 ET
Mill City Ventures III, Ltd. Reports 2022 Fourth Quarter and Full Year Financial Results
Investment Income from Lending Operations Increases 58%
Valuation Ratios
Industry
Sector
Beta
1.04
--
--
Price to Sales - TTM
4.84
2.10
3.67
Price to Book - most recent quarter
0.86
1.41
1.30
Price to Cash Flow per share - TTM
--
9.85
12.66
Price to Free Cash Flow per share - TTM
--
6.67
16.04
Business Summary
| Sector: Financials | Industry: Consumer Lending |
Mill City Ventures III, Ltd. is engaged in the business of providing short-term specialty finance solutions primarily to private businesses, micro- and small-cap public companies and high-net-worth individuals. The Company generally provides specialty finance solutions that are short-term in nature. The principal specialty finance solutions it provides are high-interest short-term lending arrangements. Typically, these lending arrangements involve the Company obtaining collateral as security for the borrower's repayment of funds to the Company, or personal guarantees from the principals or affiliates of the borrower. Its specialty finance solutions include short-term secured loans for real estate development; short-term unsecured loans (with an option to acquire collateral security) to a business; short-term secured loans to a business for operating capital, and short-term secured loans to an individual owed a forthcoming tax refund.
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