SLR Healthcare ABL Provides $3 Million for a Skilled Nursing Operator
May 22, 2024
Source: SLR Healthcare ABL
SLR Healthcare ABL is pleased to announce it has provided a $3 million asset-based revolving line of credit to a skilled nursing operator in the upper Midwest.
The management team, with a combined forty years of long-term care experience, recently took over operations of three skilled nursing facilities (230 beds) in Iowa. Proceeds of the loan were used to provide working capital to support growth initiatives which include development of a memory care unit and expansion of a behavioral health unit.
About SLR Healthcare ABL
SLR Healthcare ABL provides asset-based financing solutions to healthcare providers throughout the United States. With over 250 years of combined senior management healthcare finance expertise, SLR Healthcare ABL provides revolving lines of credit, senior term loans, and real estate loans from $2 million to $40 million for working capital, acquisitions, and refinancing. SLR Healthcare ABL is a portfolio company of SLR Senior Investment Corp. (NASDAQ: SLRC) For more information, please visit www.slrhealthcareabl.com.
The management team, with a combined forty years of long-term care experience, recently took over operations of three skilled nursing facilities (230 beds) in Iowa. Proceeds of the loan were used to provide working capital to support growth initiatives which include development of a memory care unit and expansion of a behavioral health unit.
About SLR Healthcare ABL
SLR Healthcare ABL provides asset-based financing solutions to healthcare providers throughout the United States. With over 250 years of combined senior management healthcare finance expertise, SLR Healthcare ABL provides revolving lines of credit, senior term loans, and real estate loans from $2 million to $40 million for working capital, acquisitions, and refinancing. SLR Healthcare ABL is a portfolio company of SLR Senior Investment Corp. (NASDAQ: SLRC) For more information, please visit www.slrhealthcareabl.com.