SLR Business Credit (SLRBC) closed a $10 million senior secured asset-based credit facility to Markstein Sales. The facility is secured by the company’s accounts receivable and inventory. Proceeds from the transaction will be used to support ongoing working capital requirements and position the business for continued growth.
“We are pleased to partner with Markstein Sales Company, a well-established, multi-generational business with a rich history,” David Braff, managing director at SLRBC, said. “Our team worked closely with management to structure a tailored working capital facility that provides them with the flexibility to support their ongoing distribution operations and long-term objectives.”
