SLR Business Credit Provides $10MM Senior Secured Asset-Based A/R Only Credit Facility to Commercial Distributor
SLR Business Credit (SLRBC) closed a $10 million senior secured asset-based lending credit facility to a 50 year-old distributor specializing in diesel fuel, gasoline, oil products and lubricants. The collateral consists of accounts receivable to domestic corporate entities. The facility will enable the company to meet working capital needs driven by 10-day...
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