TSL Express Daily News

SLIM Capital, located in Beverly Hills, California, reports increased funding volume for the first half of 2021. With a stellar first half of the year, SLIM Capital is set to break its yearly funding records. Shervin Rashti, CEO is extremely pleased with how 2021 has begun and feels confident that there will be continued growth throughout the remainder of the year.

"With the pandemic having halted many businesses, we found there to be pent up demand in multiple industries that were in full growth mode. With banks shrinking their credit boxes and limiting their funding limits, we took a counter-approach and increased our application only limit to $300,000 and loosened our credit parameters. This allowed us to pick up a good amount of business in manufacturing, construction, transportation, medical and numerous other fields. With systems and processes in place to allow for the increased volume, we are set up for continued growth." said Shervin Rashti.

Here is a quick look at the first half of 2021 Business Lending for SLIM Capital:

•            Average Amount Funded: $140,414

•            Total Number of Applications Processed: 1,071

•            Total Dollar Amount of Applications Processed: $230,150,479

•            Top Industries: Transportation, Construction, Manufacturing

With our increased Application Only program up to $300,000, we have seen an increase of quality applications driving up our average dollar amount of fundings. Trucking accounted for 25% of SLIM’S fundings in Q1 and Q2. With the addition of four new team members in Operations, Sales, Accounting and Underwriting, the efficiency in which deals are being processed is quicker than ever before.  As SLIM Capital moves into the remainder of the year they strive to provide financing options tailored to help businesses with their needs. As a full- service direct lender SLIM Capital looks for solutions to get transactions done that many other lenders cannot fund.

About SLIM Capital

SLIM Capital, LLC is a nationwide direct finance company that specializes in financing equipment acquisitions for our clients. We have credit-based programs as well as collateral-based programs that secure hard assets to structure financing transactions. We consider equipment with a strong secondary market value, real estate and other assets that can be easily monetized as collateral. With over 40 years of experience between the two lead partners, we have a wealth of knowledge and skill in recognizing deals and formulating structures efficiently and effectively. For more information, please contact us at: deals@slimcapital.com or visit Slim Capital website at www.slimcapital.com.