SLR Business Credit Announces $20 Million for Copper River Seafoods

SLR Business Credit is pleased to announce funding a $20,000,000 asset-based revolving line of credit to Copper River Seafoods.

Headquartered in Anchorage, Alaska, Copper River Seafoods, Inc. is a leading value-added processor and distributor of premium quality salmon and seafood products.

The funds provided under SLRBC's revolver secured by accounts receivable and inventory were used to refinance the existing bank revolver and provide additional working capital.

"The SLR Business Credit team's experience in our industry was apparent, as they were very understanding of our business needs. They were also extremely efficient and helpful throughout the refinancing process. We believe they will be a great financial partner,” said Scott Blake, CEO of Copper River Seafoods.

SLR Business Credit provides asset-based loans and factoring facilities from $100,000 to $50 million to businesses in the United States and Canada. SLRBC has three full-service offices in New Jersey, Minnesota, and Utah as well as sales offices from coast-to-coast. SLR Business Credit is a portfolio company of SLR Senior Investment Corp.

For further information, please contact Dan Tortoriello at (609) 917-6202 or DanT@SLRBusinessCredit.com.