Apr 12, 2021 | Asset Based Financing, Asset Based Lending, Fundings, SLR Business Credit
When a group of investors with industry experience found the opportunity to purchase a Midwest producer of high-quality fresh and frozen ground meat out of bankruptcy via a 363 sale, they turned to their community bank. The bank appreciated the experience of the...Read more
Oct 5, 2020 | Asset Based Financing, Asset Based Lending, Fundings, North Mill Capital, Working Capital Financing, Working Capital Loans
RUTLAND, VERMONT $4,000,000 Asset-Based Revolving Line of Credit Tropical Aquaculture Products, Inc. is an importer and distributor of fresh, clean seafood headquartered in Rutland, Vermont. The funds were utilized to pay off the current bank credit line and provide...Read more
Sep 14, 2020 | Asset Based Financing, Asset Based Lending, North Mill Capital
ROANOKE, VA $18,000,000 Asset-Based Revolving Line of Credit The funds were used to refinance the prior lender and provide additional working capital for the company. Optical Cable Corporation is a leading manufacturer of a broad range of fiber optic and copper data...Read more
May 4, 2020 | Asset Based Financing, Asset Based Lending, Fundings, North Mill Capital, Working Capital
CHARLESTON, SC $1,500,000 Asset-Based Credit Facility The funds were used to repay the previous lender and provide additional working capital to support growth. PRC Laser Corporation distributes and services lasers used for industrial applications and is headquartered...Read more
Mar 9, 2020 | Asset Based Financing, Asset Based Lending, Business Financing, Case Studies, Fundings, Working Capital
NORWALK, CT $5,000,000 Asset-Based Revolving Line of Credit 203 Trading LLC is a distributor of refurbished computers and electronics headquartered in Norwalk, Connecticut. The funds will be used to repay the previous lender and provide additional working capital to...Read more
Mar 2, 2020 | Asset Based Financing, Asset Based Lending, Working Capital, Working Capital Financing
GEORGETOWN, SC $8,000,000 Asset-Based Credit Facility The funds were used to pay off the previous lender and provide additional working capital for the company. Coastal Wire Company was founded in 1978 and manufactures fully annealed, high-strength baling, tying and...Read more
