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SLR Business Credit Funds $50 Million Credit Facility
February 28, 2024
Source: SLR Business Credit
SLR Business Credit is pleased to announce the funding of a $50 million asset-based revolving line of credit for a tech-enabled staffing platform. The funds will be used to provide additional working capital for growth.
The company had experienced some losses due to reduced demand. Although expense cuts were made, an FYE loss was reported for 2023. The bank referred the company to SLR Business Credit.
Time was of the essence for the company, and SLR Business Credit was able to close within two weeks of receiving the signed proposal.
The company had experienced some losses due to reduced demand. Although expense cuts were made, an FYE loss was reported for 2023. The bank referred the company to SLR Business Credit.
Time was of the essence for the company, and SLR Business Credit was able to close within two weeks of receiving the signed proposal.
