SLR Business Credit Provides $7.5 Million Line of Credit to Rapidly Growing Artisanal Baked Goods Manufacturer
June 12, 2024
Source: SLR Business Credit LLC
New York, June 12, 2024 - SLR Business Credit LLC (“SLR Business Credit”) is pleased to announce the funding of a $7.5 million credit facility for a leading manufacturer in the artisanal baked goods industry experiencing rapid growth and increasing sales. This financial support is aimed at bolstering the company's working capital and facilitating further expansion.
The credit facility, structured as a $4 million Accounts Receivable Facility and a $3.5 million Term Loan secured by Machinery and Equipment, was executed with exceptional speed to meet the urgent needs of the fast-growing company.
Ashvin Viswanathan, VP of Business Development at SLR Business Credit, commented, “We are excited to support this leading artisanal baked goods manufacturer with their growth and operational initiatives. Our ability to deliver a bank-like ABL product, with an emphasis on speed to close and significantly increased capital availability, demonstrates our commitment to providing flexible and responsive financing solutions to thriving businesses.”
About SLR Business Credit
SLR Business Credit provides customized asset-based lending solutions to middle-market companies across various industries. With a focus on accounts receivable, inventory financing, and term loans, SLR Business Credit helps businesses manage cash flow and achieve growth objectives. As a part of SLR Investment Corp (NASDAQ: SLRC), SLR Business Credit leverages a strong capital base and industry expertise to offer flexible financing options up to $100 million.
For more information, please visit SLRBusinessCredit.com or contact Dan Tortoriello at 609.917.6202 or DanT@SLRBusinessCredit.com.
The credit facility, structured as a $4 million Accounts Receivable Facility and a $3.5 million Term Loan secured by Machinery and Equipment, was executed with exceptional speed to meet the urgent needs of the fast-growing company.
Ashvin Viswanathan, VP of Business Development at SLR Business Credit, commented, “We are excited to support this leading artisanal baked goods manufacturer with their growth and operational initiatives. Our ability to deliver a bank-like ABL product, with an emphasis on speed to close and significantly increased capital availability, demonstrates our commitment to providing flexible and responsive financing solutions to thriving businesses.”
About SLR Business Credit
SLR Business Credit provides customized asset-based lending solutions to middle-market companies across various industries. With a focus on accounts receivable, inventory financing, and term loans, SLR Business Credit helps businesses manage cash flow and achieve growth objectives. As a part of SLR Investment Corp (NASDAQ: SLRC), SLR Business Credit leverages a strong capital base and industry expertise to offer flexible financing options up to $100 million.
For more information, please visit SLRBusinessCredit.com or contact Dan Tortoriello at 609.917.6202 or DanT@SLRBusinessCredit.com.