PureCare lands $9M factoring facility as bedding sector reels from tariffs
What's the deal? SLR Business CreditDealroom has a profile for this one. Try Dealroom → has provided a $9 million senior secured recourse factoring facility to PureCareDealroom has a profile for this one. Try Dealroom →, a 25-year-old, second-generation bedding company based near Phoenix, Arizona. The facility refinances PureCare's existing lender and adds liquidity, with accounts receivable and inventory as collateral.
What's the endgame? PureCare makes bedding products and serves home and mattress retailers across the US. The new capital is meant to support working capital and the company's growth plans.
Why now? SLR cited tariff-related challenges in its assessment, saying it weighed management's strategy for overcoming changes in US tariff policy. The facility is best read as refinancing and working-capital support amid sector strain rather than expansion capital on its own.
"The SLRBC team worked seamlessly and quickly to meet the company's liquidity needs," said Gino Clark, managing director at SLR Business Credit.
Sean Bergman, chief executive officer of PureCare, said SLR's "ability to understand our business, leadership team, history and long-term strategy really stood out to me."
The signal: The bedding market is under pressure. Sleep NumberDealroom has a profile for this one. Try Dealroom → filed for bankruptcy in June 2026 — citing tariffs, inflation and supply-chain disruption — before its assets sold for $701 million, while US mattress shipments and market value have been reported down year over year. Asset-based lenders like SLR are stepping in to shore up liquidity for retailers riding out the squeeze.
Read more: slrbusinesscredit.com
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