SLR Business Credit, an asset-based lender serving middle market companies, closed a $1 million line of credit for a growing healthier-for-you snack bar company. The senior secured line of credit provides the company with the working capital needed to scale operations and meet increasing demand. This financing is designed to enable the company to expand its production capacity, enhance distribution networks and continue to innovate within the better-for-you food space.
“At SLR Business Credit, we understand the unique challenges and opportunities faced by emerging brands and their retail partners in the food sector,” Jeffrey Austin, senior vice president of SLR Business Credit, said. “We’re thrilled to partner with this innovative snack bar company and provide them with the financial flexibility to fuel their growth.”
