Business
Overview

SLR Senior Investment Corp. acquired North Mill Capital LLC ("North Mill"), a leading asset-based lending commercial finance company, in 2017. North Mill was founded in 2010 by its senior management team who originally launched the strategy in 1995. The company provides a combinaton of asset-based loans and factoring financing solutons to small and medium sized businesses.

North Mill was renamed "SLR Business Credit" in 2021.

Target
Borrowers

Privately-owned, small to medium-sized businesses who have limited access to bank financing

Primarily US-based companies operating in the manufacturing, services and distribution industries

NMC is typically the agent and sole lender to its borrowers

TRANSACTION PROFILE

Loan tenor of 1-to-3 years

Financing structures primarily include asset-based loans (revolving) and factoring agreements (revolving)

Loans are collateralized on a first lien basis in all cases, primarily by accounts receivable

TYPICAL INVESTMENT SIZE

$500K to $30M

For more information: info@slrbusinesscredit.com