SLR Business Credit closed a $5 million senior secured asset-based revolving credit facility to a gold and diamond jewelry wholesaler serving retailers in the Midwest.
The facility will enable the company to take advantage of supplier discounts for early payment and to fund revenue growth. SLR worked closely with the company’s management team to structure a creative financing solution that uniquely supports the company’s working capital needs as it continues to grow.
“We’re thrilled to partner with the Company in what we believe is the beginning of a long-standing relationship,” David Braff, managing director at SLR Business Credit, said. “They’ve built a remarkable, high-growth business with unique working capital challenges, and we’re excited to support their financing needs with a facility designed to provide both flexibility and certainty.”
