SLR Digital Finance Closes $2 Million Revolving Credit Facility for Mobile Media & Ad Tech Company
SLR Digital Finance announces the funding of a $2,000,000 asset-based revolving credit facility which incorporates tiered pricing to match and refinance an SBA loan and allows for additional growth under the revolving line of credit.
Founded in 2021 and headquartered in New York City, the company helps advertisers optimize their mobile media strategy. They develop complementary creative ad campaigns and implement the branded media across mobile platforms. Their next generation creative capabilities, rich data sets, and speed to launch help advertisers connect with their target audience across 900+ premium mobile websites. Additionally, the company is able to connect to the advertisers’ platform, data, and measurement partners of choice to help maximize clients’ return on advertising spend.
“We were able to structure a facility that provides the company with greater flexibility and incremental liquidity to support its growth strategy,” said Jeffrey Austin, SVP of Business Development at SLR Digital Finance. “The company has a proven management team and strong position in the mobile media market, and we look forward to working with them.”
SLR Digital Finance has extensive experience financing digital media and ad tech companies.
SLR Digital Finance (SLRDF) is the leading asset-based lender serving digital media companies looking for an alternative to traditional bank financing. SLRDF offers factoring and asset-based loans up to $100 million and finds ways to provide 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]