SLR Business Credit has provided a $10 million asset-based revolving line of credit (ABL RLOC) and a $3.5 million term loan to a long-standing precision component manufacturer, enabling the company to refinance debt and access additional working capital for growth.
The 80-year-old manufacturer, which serves the medical, energy, nuclear, aerospace, defense, and oil & gas industries, sought financing after its previous lender declined to renew and expand its credit facility. Facing lender fatigue amid economic headwinds, the company was referred to SLR Business Credit by an operational consultant.
SLR Business Credit structured the financing package to include a revolving credit line, secured by receivables and inventory, and a term loan backed by equipment. The transaction was approved and funded promptly, providing the manufacturer with the liquidity needed to navigate market challenges and pursue expansion opportunities.
“We are pleased to support a company with such a strong legacy in precision manufacturing,” said SLR Business Credit in a statement. “Our flexible financing solutions ensure they have the resources to continue innovating and growing despite economic fluctuations.”
SLR Business Credit specializes in tailored asset-based lending solutions, helping businesses optimize cash flow and sustain operations in dynamic market conditions.
