SLR Business Credit (“SLRBC”) is pleased to announce the closing of a $10 million senior secured asset-based lending credit facility to a 50 year-old distributor specializing in diesel fuel, gasoline, oil products and lubricants. (“the Company”). The collateral consists of accounts receivable to domestic corporate entities. With headquarters in East Point, GA, the Company serves markets across the southeastern U.S. The facility will enable the Company to meet working capital needs driven by 10-day vendor terms typical of the industry, and to support continued growth. SLRBC worked closely with the Company’s management team and their advisor, Joseph Hale Advisors, to structure a creative financing solution that uniquely supports the company’s working capital needs and plans for future expansion.
“We are pleased to partner with this reputable, well-established business and extend a flexible financial solution to its management team,” stated David Braff, Managing Director at SLR Business Credit. “We look forward to playing a pivotal role in funding the Company’s operational needs through SLRBC’s highly adaptable working capital facility.”
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 www.slrbusinesscredit.com
About B and B Oil Company
Founded in 1973, family-owned B and B Oil Company is a premier commercial fuel and lubricant distributor serving the Southeast, including Florida, Georgia, and the Carolinas. The Company specializes in supporting heavy-demand sectors—such as construction, agriculture, and logistics—with bulk diesel, gasoline, and specialized lubricants. In addition to fuel delivery, B and B Oil maximizes client uptime through value-added services, including on-site fuel tank sales and rentals, automated pump monitoring, DEF supply, and 24/7 emergency response solutions. Learn more at www.bb-oil.com.