SLR Business Credit Funds $20 Million Credit Facility
SLR Business Credit is pleased to announce the funding of a $20,000,000 ABL RLOC for an 88-year-old electronics products manufacturer.
The funds were used to provide additional working capital for growth.
The company had experienced some losses due to supply chain component availability. Customer backlog had reached record-high levels.
Their bank was unwilling to increase their facility, and the company was referred to SLR Business Credit.
Despite a complicated ownership and related party structure, SLR Business Credit was able to approve and fund the transaction in a timely manner.
SLR Business Credit has extensive experience financing manufacturing companies.