Fast Pay Increases and Extends Credit Facility with Arena Group to $25MM

Fast Pay Partners, a wholly-owned subsidiary of SLR Business Credit, increased and extended the maturity of its $25 million credit facility with The Arena Group, which is the exclusive rights owner of online publishing rights to Sports Illustrated, The Spun and TheStreet.com, has been a Fast Pay client since February 2020.

“We couldn’t be more excited to deepen our relationship with The Arena Group. Their growth and performance in the few years they’ve been a client has been astounding. They have a best-in-class team and have done a great job of identifying key acquisitions to help increase their distribution and already impressive web presence,” Randy Mitzman, managing director of Fast Pay and SLR Business Credit, said.

“FastPay has given us the ability to streamline the financing process, which allows us to focus attention on our core business. Their understanding of the media space has allowed us to get up and running with our financing needs quickly, and they’ve been flexible in considering any specifics of our business. We’ve been very happy with the partnership we’ve developed with them as a lending partner,” Doug Smith, CFO of The Arena Group, said.