SLR Business Credit (SLRBC) funded a new $5 million factoring facility for a fast-growing food packaging company based in California.
The company was seeking to increase sales through greater marketing efforts for current and new, innovative products, such as biodegradable packaging. Additionally, this financing supports the recent increase in demand for its products.
In order to meet the increased product demand in a timely manner, SLRBC collaborated with the company to provide a factoring facility to meet the company’s increased working capital needs.
“Our team of seasoned financing professionals worked quickly and closely with the owner to deliver a working capital solution that provides the liquidity and flexibility needed to support sales growth,” Mark Simshauser, senior vice president – Northeast at SLR Business Credit, said.
