The Secured Finance Network (SFNet) added to its executive and management committees for fiscal year 2022. These leaders guide the association, make policy decisions, confirm new members and provide thought leadership in advocacy and education.
Fast Pay Partners, a wholly-owned subsidiary of SLR Business Credit, provided a $30 million working capital facility to a digital publisher.
SLR Business Credit acquired Fast Pay Partners. Based in Los Angeles, Fast Pay Partners enables clients to accelerate receivables and access liquidity through its asset-based lending and factoring platform, which primarily services media firms in the United States.
Maryanne Lenardo joined SLR Business Credit as managing director of originations. She will be responsible for sourcing senior secured debt transactions (ABL and factoring) ranging from $2 million to $30 million in the manufacturing, distribution and service industries.
SLR Business Credit promoted Lucy Csizmas to senior managing director. Csizmas is an industry veteran with more than 25 years of experience. She will be responsible for sourcing and structuring new transactions from a long-standing network of intermediaries.
SLR Business Credit provided a $500,000 accounts receivable credit facility to East Coast Components in South Carolina.
SLR Business Credit provided a $12 million asset-based revolving line of credit to a distributor of veterinary medicine and supplies.
SLR Business Credit and a community bank provided a $2.5 million asset-based revolving line of credit to support a group of investors in purchasing a Midwest-based producer of fresh and frozen ground meat out of bankruptcy via a 363 sale.