SLR Business Credit funded a $2.5 million asset-based revolving line of credit to a southern California trucking and logistics company serving the port of Long Beach, Los Angeles and LAX with custom-tailored services including drayage, FTL, intermodal, bulk storage, cross-docking, overweight cartage and warehousing. The funding was used to pay off the previous lender and provide additional working capital.
“We’re excited to provide this diverse transportation company with the flexible capital it needs to grow and partner with them as they achieve their goals,” Jan Ibey, senior vice president of business development for SLR Business Credit, said.
