SLIM Capital, located in Beverly Hills and Orange County, CA, reported significantly increased business volume for the first half of 2022. With a stellar first half of the year, SLIM Capital is set to break its yearly funding records. Shervin Rashti, CEO, is pleased with how 2022 has begun and feels confident that there will be continued growth.
“We had an exciting first half of 2022, as we saw businesses emerging out of the pandemic to seize opportunities that had been squandered during the lockdowns. We were pleased to experience 48% growth in our funding volume year over year,” Shervin Rashti, CEO at SLIM Capital, said. “This growth came through an increase in repeat clients and by expanding our credit parameters beyond what standard lenders and banks consider for financing. We continue to consider a wide array of industries to minimize concentration risk within our portfolio. I anticipate banks will begin to tighten their credit boxes as they see some stress in their portfolios. Historically, this allows us to shift focus away from credit as the main staple of our underwriting and focus more on structure and collateral. We strive to find creative ways to maximize capital resources for our clients, regardless of economic headwinds.”
In the first half of 2022 Business Lending for SLIM Capital achieved an average amount funded of $156,625 and processed 1,108 total applications valued at more than $209 million. The top industries SLIM Capital served included transportation, construction, manufacturing, cannabis, packaging and food processing.
As SLIM Capital moves into the remainder of the year, it strives to provide financing options tailored to help businesses with its needs. As a full- service direct lender SLIM Capital looks for solutions to get transactions done that many other lenders cannot fund.
