SLR Business Credit (SLRBC), a provider of asset-based lending solutions, provided an $8 million asset-based revolving line of credit to a premium carbonated beverage and mixer brand.
The facility refinanced the company’s existing bank credit facility and provides the company with additional working capital to support its continued growth. SLRBC worked closely with the company’s management team to structure a flexible financing solution that delivers the liquidity and certainty the company needs as it scales its national footprint.
“We’re proud to have delivered a flexible, growth-oriented facility at bank-competitive pricing,” Jeffrey Austin, senior vice president at SLRBC, said. “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.”
