SLIM Capital achieved a year-over-year increase of 16.25% in deal originations during the first half of 2023. Having originated deals exceeding a total value of more than $200 million, SLIM Capital has achieved growth of 6.7% compared to 2022 overall.
“At the commencement of this year, we consciously decided to enhance our operational systems and amplify our capital capacity to facilitate a greater volume of deals,” Shervin Rashti, CEO of SLIM Capital, said. “In historical instances when capital markets experience an upswing in delinquencies, conventional institutions often tend to tighten their credit criteria and narrow the scope of industries they extend credit to. Drawing from our past experiences, we recognized the ample opportunities to extend financing to deserving clients impacted by external economic factors beyond their control. Consequently, we have augmented our lending capabilities and continue to invest in the advancement of our processing and decisioning technology. We are pleased to have welcomed key members to our highly adept team, dedicated to implementing artificial intelligence (AI) in our deal onboarding, credit adjudication and funding processes. I eagerly anticipate the unfolding of the remainder of 2023 and the prospects that lie ahead.”
Here is a quick look at the first half of 2023 business lending for SLIM Capital:
- Average Amount Funded: $146,000
- Total Number of Deals Originated: 1,295
- Total Dollar Amount of Deals Originated: $206 million
- Top Industries: Construction, Manufacturing, Cannabis, Packaging, Food Processing
