SLRC 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 in conjunction with rebranding.
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
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