SLR Business Credit funded a $20 million asset-based lending revolving line of credit for an 88-year-old electronics products manufacturer. The funds provided additional working capital for the borrower’s growth.
The company had experienced some losses due to supply chain component availability and its customer backlog had reached elevated levels. The manufacturer’s bank was unwilling to increase its facility, and the company was referred to SLR Business Credit.
Despite a complicated ownership and related party structure, SLR Business Credit was able to approve and fund the transaction.
