SLR Business Credit (SLRBC), a provider of asset-based lending solutions, provided a $5 million asset-based revolving line of credit to a New Jersey–based packaging solutions company.
The new facility was used to refinance the company’s existing bank facility and was structured to better support the company’s growth objectives. The credit solution provides enhanced flexibility and delivers a simplified, scalable capital structure aligned with the company’s expansion plans.
The asset-based line is priced at bank-competitive rates and offers a streamlined approach to financing growth while improving overall liquidity and capital efficiency.
“This transaction reflects our ability to deliver flexible, growth-oriented financing solutions while maintaining bank-quality pricing,” said Ashvin Viswanathan, business development officer at SLR Business Credit. “By refinancing the prior facility, we were able to provide a simplified structure with greater flexibility that positions the company to execute on its growth strategy.”
The borrower is a New Jersey–based packaging solutions provider serving a diverse customer base across multiple end markets. The company maintains over 80,000 SKUs in stock and is the comprehensive all-in-one destination for corporate packaging supplies. The company is focused on operational excellence and continued expansion.
