SLR Business Credit completed e a $500,000 accounts receivable credit facility to East Coast Components in South Carolina.

When current ownership acquired East Coast Components this past fall, the purpose was to have a truss supplier for their own growing Ag building company. That started to change as orders started flowing in due to the high growth of the residential, multifamily, and commercial building in the Southeast.

Having no working capital to support this growth, their CPA recommended SLR Business Credit as a source of working capital to support this additional business, which generated better margins for the company.

SLR Business Credit was able to move quickly and provide a working capital solution in less than two weeks.