In 2017, SLRC acquired North Mill Capital LLC ("North Mill"), a leading asset-based lending commercial finance company. North Mill was founded in 2010 by its senior management team who originally launched the strategy in 1995. The company provides a combination of asset-based loans and factoring financing solutions to small and medium sized businesses. North Mill was renamed "SLR Business Credit" in 2021 in conjunction with rebranding.
SLR Business Credit's subsidiary, SLR Digital Finance, is a leading asset-based lender and serves advertising technology companies, publishers, ad networks, creative studios, agencies, and digital platforms.
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, as well as digital media companies
SLR Business Credit is typically the agent and sole lender to its borrowers
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
For more information: info@slrbusinesscredit.com