Business
Overview

In 2017, SLRC acquired a portfolio of equipment financings and the equity of Nations Equipment Finance ("NEF"), a commercial finance company that specializes in providing mission critical equipment financing solutions to small and mid-size companies. SLRC's equity investment produces current income from NEF's commercial finance investment activities and is expected to generate net long term capital gains.

NEF was founded in 2010 by former GE Capital equipment finance professionals whose team has collectively over 200 years of experience and has worked together for nearly 20 years. The team has extensive experience in valuing fixed assets and structuring transactions allowing them to provide customers with quick, creative and straightforward solutions to their financing needs.

Since inception, the management team has originated and underwritten over $1.2 billion of multi-million dollar portfolios of equipment-secured lease and term loan investments to companies in North America that operate primarily in manufacturing, construction and transportation industries with various collateral types.

In Q1, 2021, Nations Equipment Finance was renamed "SLR Equipment Finance" in conjunction with a rebranding initiative in which SLR Capital Partners ("SLR"), the listed BDCs advised by SLR (SLRC and SUNS), and the affiliate commercial finance poertfolio companies owned by SLRC and SUNS, respectively, adopted a single go-to-market brand under the SLR moniker.

Target
Borrowers

Primarily privately held or family owned businesses

Businesses with a high percentage of fixed assets in need of liquidity

Borrowers who typically have limited access to traditional bank financing

Equipment finance is mission critical to borrower’s success

TRANSACTION PROFILE

Capital Lease / Finance Lease

True Lease / Tax Lease

Sale and Leaseback

Equipment Revolver / Equipment-based Line of Credit

Term loan / Equipment Loan

TRAC or Split TRAC Lease

TYPICAL INVESTMENT SIZE

$1M to $50M