SLIM Capital, a direct finance company that specializes in financing equipment acquisitions, reported an increase in funding volume for the first half of 2021. The company is also set to break its yearly funding records.

“With the pandemic having halted many businesses, we found there to be pent up demand in multiple industries that were in full growth mode,” Shervin Rashti, CEO of SLIM Capital, said. “With banks shrinking their credit boxes and limiting their funding limits, we took a counter-approach and increased our application only limit to $300,000 and loosened our credit parameters. This allowed us to pick up a good amount of business in manufacturing, construction, transportation, medical and numerous other fields. With systems and processes in place to allow for the increased volume, we are set up for continued growth.”

SLIM Capital H1/21 Business Lending Highlights

• Average Amount Funded: $140,414
• Total Number of Applications Processed: 1,071
• Total Dollar Amount of Applications Processed: $230,150,479
• Top Industries: Transportation, Construction and Manufacturing

Trucking accounted for 25% of SLIM Capital’s fundings in Q1/21 and Q2/21. The company also added four new team members in operations, sales, accounting and underwriting during the first half of 2021.