SLR Business Credit provided a $5 million asset-based revolving line of credit to Oskaloosa Food Products.
SLR Business Credit provided a $5 million account receivable credit facility to 365 Personnel, a provider of industrial and warehouse staffing, venue/event support and general labor.
SLR Business Credit provided an $8 million asset-based revolving line of credit to Dana Foods, a Wisconsin-based distributor of powdered milk and other dairy products.
Randy Mitzman joined SLR Business Credit as a senior vice president and managing director. He will be primarily focused on SLR’s FastPay subsidiary. Mitzman was previously with FastPay and spent the last two years at a specialty asset-based lender in the direct-to-consumer and e-commerce space.
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 funded a $20 million asset-based revolving line of credit to Copper River Seafoods.