SLR Business Credit provided a $5,000,000 asset-based revolving line of credit to Oskaloosa Food Products.
The proceeds were used to repay the bank and provide additional ongoing working capital for the company.
Founded in 1938, Oskaloosa Food Products Corporation is an egg processor that produces liquid, dry and frozen egg products. Headquartered in Iowa, the company provides egg products to the food industry worldwide.
SLR Business Credit provides asset based loans and factoring facilities from $100,000 to $100 million.