SLR Business Credit Provides $3.5 Million Credit Facility to Segula Technologies USA, Inc.
SLR Business Credit is pleased to announce the funding of a $3.5 million credit facility for Segula Technologies USA, a leading engineer staffing company serving top-tier aerospace, defense, automotive, and energy companies. The credit facility provides significantly more liquidity compared to their prior bank line, offering the company greater financial flexibility to support its rapid growth.
The tailored financing solution reflects SLR Business Credit’s ability to provide more favorable terms than traditional bank financing. This flexibility allows Segula Technologies USA, Inc. to continue expanding operations and respond to increasing demand for its engineering expertise.
“We are thrilled to partner with Segula Technologies USA, Inc. and support their ongoing success,” said Ashvin Viswanathan, VP of Business Development at SLR Business Credit. “Our ability to provide liquidity through a flexible financing structure will enable Segula to scale their operations efficiently while focusing on growth opportunities.”
Segula Technologies USA, Inc. is the U.S. division of Segula Technologies, a global leader in providing engineering services and staffing solutions across industries such as aerospace, automotive, energy, and defense. With a global presence, Segula Technologies USA supports industrial transformations with expertise in advanced engineering solutions.
About SLR Business Credit
SLR Business Credit is a leading provider of asset-based lending solutions that support the growth and operations of businesses. A subsidiary of SLR Investment Corp (NASDAQ: SLRC), SLR Business Credit delivers flexible financing solutions with credit facilities up to $100 million, focusing on factoring and asset-based loans tailored to client needs.