SLR Business Credit, an asset-based lender, funded a $4 million accounts receivable credit facility to an Indian snacks and sweets distributor headquartered in New Jersey.
The credit facility is secured against invoices from large distributors, providing the company with flexible working capital to accelerate inventory purchases and support scalable business growth. The facility is designed to expand alongside the company’s evolving revenue and operational needs.
“A key differentiator of this credit facility is its scalability and flexible structure, enabling our client to focus on growth,” Ashvin Viswanathan, vice president of business development at SLR Business Credit, said. “We are proud to support their expansion plans by providing flexible capital tailored to their specific needs.”
