2022 MID-YEAR SUCCESS FOR SLIM CAPITAL
SLIM Capital Has Seen Record Success in the First Half of 2022!
SLIM Capital, located in Beverly Hills and Orange County, California, reports significantly increased business volume for the first half of 2022. With a stellar first half of the year, SLIM Capital is set to break its yearly funding records. Shervin Rashti, CEO is extremely pleased with how 2022 has begun and feels confident that there will be continued growth as we prepare for the last half of the year.
“We had an exciting first half of 2022, as we saw businesses emerging out of the pandemic to seize opportunities that had been squandered during the lockdowns. We were pleased to experience 48% growth in our funding volume YOY. This growth came through an increase in repeat clients and by expanding our credit parameters beyond what standard lenders and banks consider for financing. We continue to consider a wide array of industries to minimize concentration risk within our portfolio. I anticipate banks will begin to tighten their credit boxes as they see some stress in their portfolios. Historically, this allows us to shift focus away from credit as the main staple of our underwriting, and focus more on structure and collateral. We strive to find creative ways to maximize capital resources for our clients, regardless of economic headwinds.” said Shervin Rashti.
Here is a quick look at the first half of 2022 Business Lending for SLIM Capital:
– Average Amount Funded: $156,625
– Total Number of Applications Processed: 1,108
– Total Dollar Number of Applications Processed: $209,090,830
– Top Industries: Transportation, Construction, Manufacturing, Cannabis, Packaging, Food Processing
With our Application Only program still up to $300,000, we continue to see an increase of quality applications driving up our average dollar amount of fundings. With such a variety of industries that we work with, we were able to help so many businesses that had needs at the beginning of the year. With the addition of new team members, our efficiency with transaction processing is stellar. As SLIM Capital moves into the remainder of the year they strive to provide financing options tailored to help businesses with their needs. As a full- service direct lender SLIM Capital looks for solutions to get transactions done that many other lenders cannot fund.
Call us to learn about others and see if we can help your clients!