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Summit Funds 1.5mm A/R Credit Facility

Feb 25, 2019 | Asset Based Financing, Asset Based Lending, Fundings, Working Capital, Working Capital Financing, Working Capital Loans

THE SITUATION When a large staffing company needed funding in less than a week, Summit came through. This company provides translators and other services for the U.S. Government overseas. Their quarterly bonuses were due, but the company’s funding source was...

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Summit Keeps Transportation Company Rolling

Jul 15, 2018 | Fundings, Working Capital, Working Capital Financing, Working Capital Loans

THE SITUATION When a new ownership group acquired control of this existing trucking and packaging firm, they tried to get a bank line of credit. But due to the start-up nature of the new entity, they did not qualify. The bank referred the company to Summit. THE...

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CFA’s Women in Commercial Finance Committee Holds Record-Breaking Events at Annual Convention

Dec 12, 2017 | In The News, North Mill Capital, Working Capital Financing

by Jessica Staheli The Secured Lender This year’s Women in Commercial Finance Annual Breakfast was the most well-attended in WICF history, with so many of our women colleagues attending that additional tables had to be brought in to accommodate us all! As we settled...

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Summit Provides $1mm to Distributor of Aerospace Parts

Dec 27, 2016 | Fundings, Working Capital, Working Capital Financing, Working Capital Loans

THE SITUATION This distributor of aerospace parts had been in business for over 15 years, but a management reorganization resulted in a downturn of overall business. The company became undercapitalized, negatively impacting their trade credit. When their bank couldn’t...

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Summit Provides Over $11 Million in A/R and Inventory Financing

Sep 30, 2016 | Inventory Financing, Working Capital Financing

Summit Financial Resources recently provided over $11 million in financing to small and medium-sized businesses — in all of our regions nationwide. These fundings include Accounts Receivable & Inventory financing for the following companies: In the Northwest...

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Summit Finances $4.5 Million in Working Capital

Jul 14, 2016 | Fundings, Working Capital Financing

These fundings include Accounts Receivable financing for the following companies: In the Southeast Region, Summit funded a $3,000,000 A/R credit line to a short haul transportation company based in Georgia, as well as a $100,000 A/R credit line to a diesel truck...

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SLR Business Credit is a portfolio company of SLR Investment Corp. [NASDAQ: SLRC] and an affiliate of SLR Capital Partners, LLC, the investment advisor to SLR Investment Corp. [NASDAQ: SLRC].

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