$12,000,000 Asset Based Revolving Line of Credit to a distributor of veterinary medicine & supplies:
Working through an investment banking group, the owners of this veterinary supplies company in Nebraska were introduced to SLR Business Credit to refinance existing bank debt and provide additional working capital to support growth.
SLRBC was able to provide the line of credit needed for working capital, revitalization and expansion for this multi-location company.
SLR Business Credit provides asset-based loans and factoring facilities from $100,000 to $50 million to businesses in the United States and Canada. SLRBC has three full-service offices in New Jersey, Minnesota, and Utah as well as sales offices from coast-to-coast. SLR Business Credit is a portfolio company of SLR Senior Investment Corp.