The funds were used to repay the previous lender and provide additional ongoing working capital for the company.
Headquartered in Wisconsin, Dana Foods Inc. and National Dairy Trade are value-added distributors of powdered milk and other various products.
SLR Business Credit provides asset-based loans and factoring facilities from $100,000 to $100 million to businesses in the United States and Canada. SLRBC has full-service offices in New Jersey, Minnesota, Utah, and California as well as sales offices throughout the country. SLR Business Credit is a portfolio company of SLR Senior Investment Corp.