SLR Business Credit extends $5m ABL facility to jewellery wholesaler

SLR Business Credit (SLRBC) has closed a US$5 million senior secured asset-based revolving credit facility for a Midwest-based gold and diamond jewellery wholesaler, the firm announced.

The funding will allow the company to capitalise on early-payment discounts from suppliers and support continued revenue growth. SLRBC collaborated closely with the company’s leadership to structure a flexible working capital solution tailored to its operating model and expansion plans.

The wholesaler focuses on 10-karat gold jewellery, a category that appeals to consumers seeking the look and durability of gold at more accessible price points. Its products are sold primarily through a network of small independent retailers throughout the Midwest.

“We’re thrilled to partner with the Company in what we believe is the beginning of a long-standing relationship,” said David Braff, managing director at SLR Business Credit.

“They’ve built a remarkable, high-growth business with unique working capital challenges, and we’re excited to support their financing needs with a facility designed to provide both flexibility and certainty.”