SLR Business Credit Provides $2.5 Million Credit Facility to Transportation, Distribution and Logistics Company
SLR Business Credit announces the funding of a $2.5 million asset-based revolving line of credit to a Southern California trucking and logistics company serving the port of Long Beach, Los Angeles and LAX with custom-tailored services including Drayage, FTL, Intermodal, Bulk Storage, Cross-Docking, Overweight Cartage and Warehousing.
The funding was used to pay off the previous lender and provide additional working capital.
“We’re excited to provide this diverse transportation company with the flexible capital it needs to grow and partner with them as they achieve their goals,” said Jan Ibey, SVP of Business Development for SLR Business Credit.
SLR Business Credit has extensive experience financing transportation and logistics companies.