SLR Business Credit provided a $500,000 accounts receivable credit facility to East Coast Components in South Carolina.
The current owners of East Coast Components acquired the company last fall to attain a truss supplier for their own agricultural building company. That changed as orders started flowing in due to growth in residential, multifamily and commercial building in the Southeast.
Having no working capital to support this growth, the owners’ CPA recommended SLR Business Credit as a source of working capital to support this additional business, which generated better margins for the company.
SLR Business Credit provided a working capital solution in fewer than two weeks.
SLR Business Credit provides asset-based loans and factoring facilities from $100,000 to $50 million to businesses in the United States and Canada.
