SLR Business Credit funded a $50 million asset-based revolving line of credit for a technology-enabled staffing platform, which will use the funds to provide additional working capital for growth.
The company experienced some losses due to reduced demand and although it cut some expenses, it reported a FYE loss for 2023. The company’s bank referred the company to SLR Business Credit, which was closed the deal within two weeks of receiving the signed proposal.
