Feb 28, 2024 | Asset Based Financing, Asset Based Lending, Fundings, Revolving Line of Credit, Working Capital Financing, Working Capital Loans
$50 Million Asset-Based Revolving Line of Credit for Staffing Company SLR Business Credit is pleased to announce the funding of a $50,000,000 ABL RLOC for a tech-enabled staffing platform. The funds will be used to provide additional working capital for growth....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
Feb 25, 2019 | Fundings, Working Capital, Working Capital Financing, Working Capital Loans
THE SITUATION In business for 50 years, this 2nd-generation family-owned job shop has specific expertise building specialized metal housings for electrical systems. Their recent rapid growth resulted in an increased need for working capital, which could not be...Read more
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...Read more
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...Read more
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...Read more
