SLR Business Credit and a community bank provided a $2.5 million asset-based revolving line of credit to support a group of investors in purchasing a Midwest-based producer of fresh and frozen ground meat out of bankruptcy via a 363 sale.
The group of investors originally turned to the community bank, which believed with the right asset-based lending partner, it could help the group find the best working capital solution to help facilitate the acquisition.
SLR Business Credit provides asset-based loans and factoring facilities from $100,000 to $50 million to businesses in the United States and Canada.
