SLR Business Credit funded a $7.5 million credit facility for a leading manufacturer in the artisanal baked goods industry. This financial support is aimed at bolstering the company’s working capital and facilitating further expansion.
The credit facility was structured as a $4 million accounts receivable facility and a $3.5 million term loan secured by machinery and equipment.
“We are excited to support this leading artisanal baked goods manufacturer with their growth and operational initiatives,” Ashvin Viswanathan, vice president of business development at SLR Business Credit, said. “Our ability to deliver a bank-like ABL product, with an emphasis on speed to close and significantly increased capital availability, demonstrates our commitment to providing flexible and responsive financing solutions to thriving businesses.”
