SLR Digital Finance Provides $10 Million Credit Facility to Inuvo, Inc. to Support Growth and Operations
SLR Digital Finance LLC is proud to announce the provision of a $10 million asset-based credit facility to Inuvo, Inc. (NYSE American: INUV), a leading provider of marketing technology powered by its proprietary IntentKey® artificial intelligence. This facility will support Inuvo’s continued growth and operational needs.
The new credit facility offers Inuvo enhanced liquidity and financial flexibility to aggressively capitalize on the distribution of its market-leading AI solution, which is designed to address the advertising industry’s dependence on consumer tracking.
Wally Ruiz, CFO of Inuvo, commented, “We are pleased to secure this new credit facility, which strengthens our financial position and provides us with additional resources to execute our growth strategy. This financing demonstrates the confidence our lenders have in Inuvo’s business model and future prospects.”
The company intends to use the proceeds from the credit facility for general corporate purposes, including working capital, capital expenditures, and potential strategic investments.
Ashvin Viswanathan, VP of Business Development at SLR Digital Finance, added, “We are thrilled to partner with Inuvo as they continue to accelerate revenue growth and scale their IntentKey AI platform. As the advertising industry evolves around privacy concerns and regulatory pressures, Inuvo is uniquely positioned in their ability to target relevant audiences without relying on cookies or consumer data. Our ability to structure a facility without financial covenants and provide increased liquidity against key debtors highlights our dedication to offering tailored financing solutions.”
About Inuvo
Inuvo®, Inc. (NYSE American: INUV) is a market leader in Artificial Intelligence built for advertising. Its IntentKey AI solution is a first-of-its-kind proprietary and patented technology capable of identifying and actioning to the reasons why consumers are interested in products, services, or brands, not who those consumers are. To learn more, visit inuvo.com.
About SLR Digital Finance
SLR Digital Finance (SLRDF) is the leading asset-based lender serving digital media companies looking for alternatives to traditional bank financing. SLRDF offers factoring and asset-based loans up to $100 million, providing borrowers with maximum availability and flexibility. SLRDF serves advertising technology companies, publishers, ad networks, creative studios, agencies, and digital platforms.
SLRDF is a wholly owned subsidiary of SLR Business Credit, an SLR Investment Corp company (NASDAQ: SLRC).