SLR Business Credit (“SLRBC”) is pleased to announce the closing of a $1.2 million senior secured asset-based credit facility to Gourmet Mushrooms, Inc. (“the Company”). The facility is structured exclusively around the Company’s accounts receivable (A/R). Proceeds from the transaction will be utilized to optimize cash flow, manage seasonal working capital, and expand retail and foodservice distribution for its commercial fresh division, Mycopia Mushrooms.
“We are delighted to establish this facility for Gourmet Mushrooms, Inc., a true pioneer that has shaped the American specialty agriculture landscape for nearly fifty years,” stated David Braff, Managing Director at SLR Business Credit. “Our tailored A/R facility accelerates cash flow from their high-volume corporate and grocery receivables, ensuring that the business can fulfill market demand without stretching liquidity.”
About Gourmet Mushrooms, Inc.
Founded in 1977, Gourmet Mushrooms, Inc. is the premier domestic pioneer in organic specialty mushroom cultivation. The company grows a diverse portfolio of culinary and nutraceutical varieties across state-of-the-art facilities in California and Michigan, distributing nationally under its flagship retail and fresh division brand, Mycopia Mushrooms. Grounded in strict sustainability, the company relies on vertical farming innovations and a reusable oak-based growing substrate to deliver wild mushroom character with unmatched consistency. Learn more at mycopia.com.
About SLR Business Credit
SLR Business Credit, a portfolio company of SLR Investment Corp. (NASDAQ: SLRC), is a leading provider of asset-based lending solutions for middle-market companies. With a focus on delivering flexible capital structures of up to $300 million, SLR Business Credit supports growth, working capital, and acquisition financing across a broad range of industries. Learn more at slrbusinesscredit.com.