SLR Business Credit funded a $20 million asset-based revolving line of credit to Copper River Seafoods.
Headquartered in Anchorage, AK, Copper River Seafoods is a processor and distributor of salmon and seafood products. The company used the funds provided under SLR Business Credit’s revolver, which was secured by accounts receivable and inventory, to refinance its existing bank revolver and provide additional working capital.
“The SLR Business Credit team’s experience in our industry was apparent, as they were very understanding of our business needs,” Scott Blake, CEO of Copper River Seafoods, said. “They were also extremely efficient and helpful throughout the refinancing process. We believe they will be a great financial partner.”
