Solar Capital (SLRC) Acquires Factoring Business
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SLR Investment Corp. Announces Acquisition of Factoring Business
September 30, 2024 9:00 AM EDTNEW YORK, Sept. 30, 2024 (GLOBE NEWSWIRE) -- SLR Investment Corp.(NASDAQ: SLRC) (the Company or SLRC) today announced that on September 27, its wholly-owned portfolio company, SLR Business Credit (SLR-BC) acquired an asset-based factoring portfolio and operations from Webster Bank, N.A.s Commercial Services Division (Webster) in an asset purchase that includes a team of professionals and a seasoned portfolio. The factoring business specializes in providing financing solutions to middle-market companies. SLR-BC is a commercial finance company that specializes in making senior secured asset-based loans and factoring to small and medium-sized companies with borrowing needs of $100,000 up to $100... More
