SLR Business Credit funded a $15 million asset-based revolving line of credit to a transportation and logistics company.

The credit facility was used to pay down the previous lender and to provide working capital to support the company's continuous growth and expansion.

The company provides transportation solutions through asset-based dry, refrigerated, and specialized full truckload, less-than-truckload, and brokerage services, with operations based in the Midwest, and a nationwide reach through their driver base.

Although the borrower was made up of numerous different operating companies, SLR Business Credit was able to structure ONE facility to assist with the operations of each company.