This Non-Bank Lender/Specialty Finance Leader Has Seen Exponential Growth With a Record Year in 2021!

"We have achieved our ninth record quarter for both income and earnings from our lending operations. We continue to see strong demand for our loan products and have been able thus far to maintain a zero-loss ratio with respect to defaults in our loan portfolio .With the establishment of our $5M line of credit in the fourth quarter, we were able to leverage our equity and grow our loan business substantially. Our revenue growth continues to outpace the growth in operational expenses allowing for us to expand our net margins.”

-Chief Executive Officer Douglas M. Polinsky of MCVT

Earlier this year, MCVT announced its funding of a pre-closing to the sale of a 350-unit apartment complex. The company advanced $3.9 million in the form of a short-term note. Subsequently, this note has been paid back, and MCVT's annualized return equaled 32%

"With the recent closing of our credit facility, we are now in a position to expand the size of our funding opportunities. We have seen an increase in deal flow and continue to pursue investment opportunities in adjudicated insurance settlements, asset-based loans, real-estate-backed loans, and equity investment opportunities."

MCVT’s Chief Executive Officer, Douglas M. Polinsky

Inflation is the highest it has been since 1981 sitting at a whopping 9.1% as of June 2022, making many consumers and small businesses look for alternative finance options in dire times driving more attention to companies like MCVT.

MCVT has seen incredible revenue growth, making the company exciting to keep an eye on. The company’s recent quarter results showed that interest income from lending operations increased 83% to $1M compared to $546k for the prior-year period as well as pre-tax earnings from lending operations increased to $454k compared to $12k in the prior-year period.

Earlier this year, MCVT announced its funding of a pre-closing to the sale of a 350-unit apartment complex. The company advanced $3.9 million in the form of a short-term note. Subsequently, this note has been paid back, and MCVT's annualized return equaled 32% This investment represented the largest single investment in company history!

According to recent surveys, over 40% of customers surveyed think nonbanks can better assist them with personal money management and investment needs bringing more attention to non-traditional lenders.

With rising inflation due to effects of the pandemic, growing gas prices, and supply chain issues driving costs, non-bank lending has increased exponentially! Issuance of asset-backed securities increased by 16.3% to $73.5 billion in Q2 2021, up from $63.3 billion in Q1 2021.

Non-bank lenders have seen a 64% increase in demand while commercial banks only saw a 25% increase in demand! This goes to show many consumers and small businesses are rejecting traditional forms of financing and turning to companies like MCVT for their lending needs.

Mill City Ventures III, Ltd. (NASDAQ: MCVT). was founded in January, 2006 and is based in Wayzata, Minnesota. 

MCVT is a non-bank lender/specialty finance firm specializing investments in debt and equity securities of public and private companies to fund their operations whether its start-up, acquisition, or growth. 

The company’s mission is to please both their borrowers and, most importantly, their stakeholders. They loan to private companies. The company brings the financing necessary for borrowers to fund their operations whether it’s real estate bridge mortgages and loans, cash for operations or general purpose loans with sufficient collateral. 

MCVT’s goal is to achieve above market returns for their investors while working diligently to mitigate investor risk. The company management has the unique ability to please both of these interested parties.

Mill City Ventures III, Ltd. (NASDAQ: MCVT) is a non-bank lender and specialty finance company dedicated to helping companies and high net-worth individuals.

Inflation has driven many Americans into non-bank lending and specialty finance, in fact 68% of all mortgages in 2020 came from non-bank lenders and non-bank lenders have seen 64% of growth in interest from small companies and consumers alike.

MCVT has seen incredible revenue growth with 2021 being a record breaking year for the company. In 2022, the company has been reporting exciting quarter revenue growth as well. 

MCVT’s goal is to achieve above market returns for their investors while working diligently to mitigate investor risk.  

All of this points to Mill City Ventures III, Ltd. (NASDAQ: MCVT) as an exciting, small-cap company that is sure to dominate the growing specialty finance sector!

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