SLR Business Credit Provides $5 Million Asset-Based Credit Facility to a New Jersey–Based Packaging Solutions Provider
Princeton, NJ - SLR Business Credit (“SLRBC”), a leading provider of asset-based lending solutions, announced today that it has provided a $5 million asset-based revolving line of credit to a New Jersey–based packaging solutions company.
The new facility was used to refinance the company’s existing bank facility and was structured to better support the company’s growth objectives. The credit solution provides enhanced flexibility and delivers a simplified, scalable capital structure aligned with the company’s expansion plans.
The asset-based line is priced at bank-competitive rates and offers a streamlined approach to financing growth while improving overall liquidity and capital efficiency.
“This transaction reflects our ability to deliver flexible, growth-oriented financing solutions while maintaining bank-quality pricing,” said Ashvin Viswanathan, Business Development Officer at SLR Business Credit. “By refinancing the prior facility, we were able to provide a simplified structure with greater flexibility that positions the company to execute on its growth strategy.”
About the Company
The borrower is a New Jersey–based packaging solutions provider serving a diverse customer base across multiple end markets. The company maintains over 80,000 SKUs in stock and is the comprehensive all-in-one destination for corporate packaging supplies. The company is focused on operational excellence and continued expansion.
About SLR Business Credit
SLR Business Credit, a portfolio company of SLR Investment Corp. (NASDAQ: SLRC), is a leading provider of asset-based lending solutions for middle-market companies. With a focus on delivering flexible capital structures of up to $250 million, SLR Business Credit supports growth, working capital, and acquisition financing across a broad range of industries. Learn more at www.slrbusinesscredit.com.
For more information, please contact:
Dan Tortoriello
Executive Vice President - COO
609.917.6202
Dant@slrbusinesscredit.com