Century-old beverage distributor Markstein lands $10M credit facility from SLR
What's the deal? SLR Business CreditDealroom has a profile for this one. Try Dealroom → has provided a $10 million senior secured asset-based credit facility to Markstein Sales CompanyDealroom has a profile for this one. Try Dealroom →, a family-operated beer and beverage distributor in Northern California. The facility is secured by Markstein's accounts receivable and inventory.
Why the money? Markstein will use the proceeds to fund ongoing working capital needs and support continued growth, according to SLR.
What does Markstein do? Founded in 1919, the woman-owned, family-run wholesaler distributes domestic, craft, imported, and non-alcoholic beverages to retail accounts across Northern California. It is based in San Marcos, California.
Who's lending? SLR Business Credit, a portfolio company of SLR Investment Corp. (NASDAQ: SLRC), provides asset-based lending to middle-market companies, structuring facilities of up to $300 million. "Our team worked closely with management to structure a tailored working capital facility," said David Braff, managing director at SLR Business Credit.
The signal: At $10 million, the deal sits toward the smaller end of the lending spectrum — but it reflects steady demand for asset-based credit among established, cash-flow-driven businesses. For a century-old distributor, borrowing against receivables and inventory offers growth capital without diluting ownership.
Read more: sfnet.com
Image credit: Joey Z1
