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SLR Business Credit Funds $50MM Asset-Based Revolving Line of Credit for Staffing Company

February 29, 2024, 07:57 AM
Filed Under: Staffing Services

SLR Business Credit funded a $50,000,000 ABL revolving line of credit for a tech-enabled staffing platform. The funds will be used to provide additional working capital for growth.

The company had experienced some losses due to reduced demand. Although expense cuts were made, an FYE loss was reported for 2023. The bank referred the company to SLR Business Credit.

Time was of the essence for the company, and SLR Business Credit was able to close within two weeks of receiving the signed proposal.

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