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SLR Business Credit Provides $7.5MM Line of Credit Artisanal Baked Goods Manufacturer

June 13, 2024, 07:55 AM

SLR Business Credit funded a $7.5 million credit facility for a leading manufacturer in the artisanal baked goods industry experiencing rapid growth and increasing sales. This financial support is aimed at bolstering the company's working capital and facilitating further expansion.

The credit facility, structured as a $4 million Accounts Receivable Facility and a $3.5 million Term Loan secured by Machinery and Equipment, was executed with exceptional speed to meet the urgent needs of the fast-growing company.

Ashvin Viswanathan, VP of Business Development at SLR Business Credit, commented, “We are excited to support this leading artisanal baked goods manufacturer with their growth and operational initiatives. 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.”

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