SLR Business Credit (SLRBC) closed a $10 million senior secured asset-based revolving credit facility to a European foods importer serving food service and grocer customers nationally. The facility will help the company meet working capital needs and address seasonal buying requirements.
“We’re thrilled to partner with the company in what we believe is the beginning of a long-term relationship,” David Braff, managing director at SLRBC, said. “This is a mature business that is adapting to changing market conditions. We’re excited to support their financing needs with a facility designed to provide both flexibility and certainty.”
