When current ownership acquired East Coast Components this past fall, the purpose was to have a truss supplier for their own growing Ag building company. That started to change as orders started flowing in due to the high growth of the residential, multifamily, and commercial buildings in the Southeast.
Having no working capital to support this growth, their CPA recommended SLR Business Credit as a source of working capital to support this additional business, which generated better margins for the company.
SLR Business Credit was able to move quickly and provide a working capital solution in less than two weeks.
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.