SLR Business Credit

What SLR Business Credit does

SLR Business Credit is a Princeton, New Jersey-based asset-based lender founded in 2010, operating as a portfolio company of SLR Investment Corp. (NASDAQ: SLRC). The firm provides senior secured asset-based revolving credit facilities, term loans, and invoice factoring to U.S. middle-market companies (typically $10M-$500M in revenue) across manufacturing, distribution, staffing, digital media/ad tech, healthcare, and other verticals, with facility sizes ranging from $1.5 million up to $250 million collateralized against accounts receivable, inventory, machinery and equipment, and commercial real estate.

The platform's core technology centers on traditional collateral management infrastructure: borrowing base reporting, field examinations, debtor verification, and real-time collateral monitoring rather than AI-driven credit decisioning. Product offerings span Asset-Based Lending, Invoice Factoring, Accounts Receivable Financing, Inventory Financing, Equipment Financing, and Term Loans, delivered through wholly owned and affiliated sub-brands including SLR Digital Finance (digital media/ad tech, built around the 2021 FastPay acquisition), SLR Healthcare ABL, and SLR Equipment Finance. Distribution combines a direct sales force with a broker and referral partner program offering commissions, supported by leadership involvement in the Secured Finance Network.

Revenue is generated primarily through interest income and fees on outstanding loan balances (recurring) plus factoring discounts and transaction fees on invoice purchases. The firm is licensed under California Financing Law (License #6038629) and operates from four U.S. offices (Princeton, Minneapolis, Salt Lake City, Sherman Oaks) with 101-250 employees. Recent disclosed deal activity and the 2025 leadership and origination milestones indicate an active but disciplined origination posture consistent with a maturing middle-market ABL franchise within the broader SLR investment platform.

Name

SLR Business Credit

Legal name

SLR Business Credit

Website

https://slrbusinesscredit.com

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

51–100 employees

Short description

SLR Business Credit is a Princeton, NJ-based asset-based lender providing senior secured revolving credit, term loans, and invoice factoring up to $250 million to U.S. middle-market companies across manufacturing, distribution, staffing, digital media, and healthcare.

Ownership category

akta.pro rank

Product category

Asset-Based Lending / Commercial Finance

NAICS

Credit Intermediation and Related Activities (522), Activities Related to Credit Intermediation (5223)

SIC

Short-Term Business Credit Institutions (6153), Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

Asset-Based Lending (ABL) (FSANADAD)

akta.pro secondary industry

Direct Lending — Asset-Based Lending (ABL) (FSAHAJAE)

Keywords

• Asset-based lending
• Invoice factoring
• Working capital financing
• Accounts receivable financing
• Middle-market lending

Headquarters

HQ city

Princeton

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Asset-Based Lending: SLR Business Credit provides senior secured asset-based revolving credit facilities and term loans to middle-market companies. Revenue is generated through interest income and fees on loans secured by collateral such as accounts receivable, inventory, and equipment. The company structures facilities typically ranging from $1 million to over $100 million.
2. Invoice Factoring: The company purchases or finances accounts receivable at discounted rates, providing immediate cash flow to borrowers. Revenue is generated through factoring fees and interest on advances, typically offering 80-90% of qualifying invoice amounts upfront.
3. ABL Flex Financing: Flexible credit facilities combining multiple collateral types (receivables, inventory, equipment, commercial real estate) with customized structures including revolvers, term loans, ABL unitranche loans, FILO term loans, and factoring facilities (both recourse and non-recourse).

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

SLR Business Credit is a direct lender providing senior secured asset-based revolving credit facilities and term loans, plus invoice factoring and accounts receivable financing, to U.S. middle-market companies. Facilities typically range from $1 million to more than $100 million and are secured against accounts receivable, inventory, machinery and equipment, and commercial real estate, with signed term sheet to funding in under 30 days and customized structures including revolvers, term loans, ABL unitranche, FILO term loans, and factoring facilities.

Product overview

SLR Business Credit operates as a multi-product financing platform offering asset-based lending solutions for middle-market companies. The core products include Asset-Based Lending (ABL), Invoice Factoring, and Working Capital Financing, which leverage various collateral types including accounts receivable, inventory, equipment, and real estate. The platform provides flexible structures up to $250 million and supports growth, working capital, and acquisition financing across industries. The portfolio includes specialized sub-brands: SLR Digital Finance (serving digital media, ad tech, and streaming companies), SLR Healthcare ABL (healthcare sector financing), and SLR Equipment Finance.

Differentiator

Problem solved

Functional benefit

Products and services

• Working Capital Financing Flexible working capital facility designed to support company growth and operational needs for middle-market businesses, structured against collateral including receivables, inventory, equipment, and real estate.
• Asset-Based Lending (ABL) Senior secured asset-based revolving credit facility leveraging a custom mix of receivables, inventory, machinery and equipment, and real estate to improve cash flow with reduced reporting requirements for middle-market companies.
• Accounts Receivable Financing Receivables are used as collateral to create quick turnaround for increased cash flow, allowing businesses to access liquidity against their customer invoices.
• Inventory Financing Inventory-backed financing that can significantly expand cash flow when combined with an ABL or Invoice Factoring loan, supporting businesses with inventory-heavy operations.
• Equipment (M&E) Financing Machinery and equipment financing that allows borrowers to access the value of their fixed assets for additional cash flow, combined with ABL or Invoice Factoring facilities.
• Term Loans Term loan facility used in combination with an ABL or Invoice Factoring loan to leverage assets for increased cash flow, including structures like ABL unitranche and FILO term loans.
• Invoice Factoring Uses receivables as collateral, allowing businesses to access cash flow from unpaid invoices at a discounted rate to keep operations running, with structures offered as both recourse and non-recourse factoring.
• Invoice-Based Financing Alternative to asset-based lending that provides improved cash flow from existing accounts receivable assets, structuring invoice discounting and factoring facilities.

Quantifiable outcome

• Average annualized loss rate for ABL market over 20 years has been less than 50 basis points (per SFNet ABL Index)
• +1 more outcomes

Named customers14 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eleven partnerships are on record, tiered core, affiliated and minor.

• SLR Digital FinancecoreTechnology or IntegrationSLR Digital Finance is a wholly owned subsidiary of SLR Business Credit, specializing in asset-based lending for digital media companies, ad tech, publishers, and digital platforms. Operates as the digital media lending vertical under the SLRBC umbrella.
• North Mill CapitalcoreStrategic or Co-development PartnerNorth Mill Capital is a founding entity related to SLR Business Credit. Betty Hernandez is a founding member of North Mill Capital, and the companies share expertise, infrastructure, and operational capabilities in asset-based lending. Many client testimonials reference North Mill Capital relationships.
• SLR Healthcare ABLaffiliatedStrategic or Co-development PartnerSLR Healthcare ABL is an affiliate company under the SLR umbrella providing specialized asset-based lending solutions for healthcare companies.
• SLR Equipment FinanceaffiliatedStrategic or Co-development PartnerSLR Equipment Finance provides equipment leasing and financing solutions, complementing the asset-based lending offerings of SLR Business Credit.
• SLR Credit SolutionsaffiliatedStrategic or Co-development PartnerSLR Credit Solutions operates as an affiliate within the SLR platform, providing additional credit and financing solutions.
• Secured Finance NetworkminorOthersSLR Business Credit is a proud member of Secured Finance Network (SFNet), participating in industry events, education, and networking. Executive leadership holds positions including SFNet President and Hall of Fame inductee.
• Turnaround Management AssociationminorOthersProfessional membership organization for restructuring professionals. SLR Business Credit participates as a member supporting the turnaround and restructuring community.
• Risk Management AssociationminorOthersProfessional organization focused on risk management. SLR Business Credit maintains membership for industry best practices and networking.
• Association For Corporate GrowthminorOthersACG is a global organization for deal-making and business development professionals. SLR Business Credit participates as a member supporting M&A and growth financing community.
• International Factoring AssociationminorOthersIndustry association for the factoring and commercial finance industry. SLR Business Credit maintains membership for industry education and best practices.
• CA Department of Business OversightminorOthersSLR Business Credit is licensed by the California Department of Business Oversight (License #6038629). Loans are made or arranged pursuant to California Financing Law.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Porter Capital: Invoice factoring and working capital provider serving SMB and middle-market companies across staffing, manufacturing, and services. Directly comparable in product mix (factoring-led) and the relationship/broker-driven origination channel.
• Riviera Finance: Long-standing invoice factoring and ABL provider serving SMB and middle-market clients across transportation, staffing, and manufacturing. Direct overlap on factoring products and the broker/referral GTM channel.
• LSQ: Tech-enabled ABL and invoice factoring platform serving SMB and middle-market businesses. Provides receivables-backed working capital with comparable facility sizing, competing for the same factoring customers and using a hybrid relationship + technology go-to-market motion.
• Encina Business Credit: Specialty middle-market lender focused on ABL, leveraged loans, and special situations financing. Competes directly for the same borrower profile — companies underserved by traditional banks — and offers overlapping revolver and term-loan structures.
• Triumph Business Capital: Factoring specialist providing A/R financing and working capital to transportation, staffing, and small-to-mid-cap businesses. Overlaps with SLRBC's factoring and invoice-based financing products and similar target verticals (staffing in particular).
• White Oak Commercial Finance: Non-bank asset-based lender providing revolving credit and term loans collateralized by receivables, inventory, and equipment to middle-market borrowers. Closely comparable in facility structure, target customer size, and emphasis on speed of execution.
• Newtek Business Services: Publicly traded BDC providing ABL, SBA lending, and working capital to SMBs. Competes in the same non-bank middle-market financing space and benefits from a public capital structure analogous to SLRBC's parent SLRC.
• TAB Bank: Asset-based and invoice factoring lender with a strong middle-market and small-business focus across transportation, staffing, and manufacturing. Directly comparable in facility structure, collateral types (A/R, inventory), and customer profile.
• Republic Business Credit: Direct middle-market asset-based lender offering ABL, factoring, and working capital lines to similar SMB and lower-middle-market borrowers. Operates with comparable facility sizes and a relationship-driven origination model, competing head-to-head in staffing, distribution, and manufacturing verticals.

Broad incumbents

• CIT Group / First Citizens Bank: Large diversified commercial lender with a substantial asset-based lending division serving middle-market and large-cap borrowers. Provides overlapping ABL and factoring capabilities but as part of a much broader balance-sheet-driven franchise.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/slrbizcredit

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SLR Business Credit