SLIM CAPITAL ACHIEVES IMPRESSIVE RECORD BRAKING FIRST QUARTER MILESTONES WITH SIGNIFICANT GROWTH.
SLIM Capital, headquartered in Beverly Hills, California, a distinguished leader in the finance industry, is thrilled to announce a groundbreaking quarter, with Q1 2024 witnessing an exceptional surge in origination volume and a record-breaking influx of deal submissions. Our team's unwavering commitment to efficiency and excellence has enabled us to fund deals swiftly and effectively, positioning us as a reliable partner for businesses financial needs. As we embark on Q2, we are eager to review and consider new opportunities, ensuring that our momentum translates into mutually beneficial outcomes. This success underscores the company's dedication to innovation and its agility in adapting to the ever-evolving dynamics of the market.
"With increasing delinquency affecting various finance sectors, many institutions are pulling back or altogether exiting the equipment finance space. Our experience in navigating stressful environments, gives us the confidence to build and capitalize businesses that are finding access to capital limited." states Shervin Rashti, CEO at SLIM Capital.
Here is a quick glance at the first quarter of 2024 Business Lending for SLIM Capital:
- Largest Deal Size- $300,000
- Smallest Deal Size- $20,500
- Average Funded Deal Size- $125,000
- Total Origination Amount- $199,039,500
- Number of Deals Submitted: 671
- Quickest Look to Book: Less than 1 day (From docs-in to funding)
As SLIM Capital looks ahead to the remainder of the year, it remains focused on its core values of helping businesses with their finance needs and is committed to fostering even stronger relationships with its clients while maintaining its reputation as a reliable industry leader. With the addition of new team members, our efficiency with transactions being processed is stellar. 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