New York, NY – SLR Business Credit, a premier asset-based lender, is pleased to announce the funding of a $4 million accounts receivable credit facility to a fast-growing Indian snacks and sweets distributor headquartered in New Jersey.
The credit facility is secured against invoices from large distributors, providing the company with flexible working capital to accelerate inventory purchases and support scalable business growth. The facility is designed to expand alongside the company’s evolving revenue and operational needs.
“A key differentiator of this credit facility is its scalability and flexible structure, enabling our client to focus on growth,” said Ashvin Viswanathan, Vice President of Business Development at SLR Business Credit. “We are proud to support their expansion plans by providing flexible capital tailored to their specific needs.”
SLR Business Credit specializes in delivering asset-based lending solutions that offer enhanced liquidity and flexibility for middle-market businesses across diverse industries, including food distribution, manufacturing, and services.
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 $250 million, SLR Business Credit supports growth, working capital, and acquisition financing across a broad range of industries. Learn more at slrbusinesscredit.com.