Mushroom grower Mycopia lands $1.2M credit facility from SLR
What's the deal? Gourmet Mushrooms, Inc.Dealroom has a profile for this one. Try Dealroom →, the California cultivator behind the MycopiaDealroom has a profile for this one. Try Dealroom → brand, has secured a $1.2 million senior secured asset-based credit facility from SLR Business CreditDealroom has a profile for this one. Try Dealroom →. The facility is structured exclusively around the company's accounts receivable.
What's the endgame? Proceeds will fund cash flow, seasonal working capital, and expanded retail and foodservice distribution for Mycopia Mushrooms, the commercial fresh division. Founded in 1977, the company grows organic specialty mushrooms across facilities in California and Michigan.
Why receivables? The deal draws liquidity from existing corporate and grocery invoices rather than adding term debt. "Our tailored A/R facility accelerates cash flow from their high-volume corporate and grocery receivables, ensuring that the business can fulfill market demand without stretching liquidity," said David Braff, managing director at SLR Business Credit.
The lender: SLR Business Credit, a portfolio company of SLR Investment Corp.Dealroom has a profile for this one. Try Dealroom → (NASDAQ: SLRC), provides asset-based lending to middle-market firms, with capital structures of up to $300 million.
The signal: At $1.2 million, this is a small facility — sitting near the bottom of comparable deals, in roughly the sixth percentile by size. It reflects a common financing route for established, cash-flow-sensitive businesses: unlocking working capital from receivables instead of raising equity or taking on heavier debt.
Read more: sfnet.com
Image credit: USDAgov
