SLR Business Credit funded a $10,000,000 ABL Revolving Line of Credit (RLOC) for an over 80-year-old manufacturer of custom precision components for the medical, energy, nuclear, aerospace, defense, and oil & gas industries.  

The funds were used to pay off their current lender and provided additional working capital for growth.  

The Company had experienced some losses due to a slower economy. Their bank was unwilling to renew and increase their facility after experiencing lender fatigue. The Company was then referred to SLR Business Credit by an operational consultant.

In addition to the RLOC, SLR was able to provide a $3,500,000 term facility secured by equipment. SLR Business Credit was able to approve and fund the transaction in a timely manner.