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2020 Brings Early Uncertainty but Steady Growth for SLIM Capital

January 21, 2021, 07:20 AM
Filed Under: Industry News

SLIM Capital, located in Beverly Hills, CA, reported 2020 as a record year of continued growth. CEO Shervin Rashti is pleased with how 2020 ended up and feels confident that there will be tremendous growth and stability in the year 2021.

“Despite a year filled with uncertainty and devastating losses to our global community, we are proud to have been able to offer our financial products to a broad array of industries, credits and businesses that needed support. Being a generalist allowed us to pivot into a myriad of industries that proved to be essential in battling the global shutdown. We focused on broadening our scope and have another Record Setting Year!” said Shervin Rashti.
Here is a look back at 2020 Business Lending for SLIM Capital:

  • Largest Deal Funded: $2,148,250
  • Average Amount Funded: $122,505
  • Lowest FICO Score: 596
  • Total Number of Applications Processed: 2,482
  • Total Dollar Amount of Applications Processed: $402,311,249
  • Quickest Look to Book Time: One day

Some of the top industries that SLIM Capital was able to make an impact in were:

  • Transportation: Another stellar year in transportation, more specifically short haul trucking. SLIM Capital continued to fund deals for businesses in this industry consistently each quarter. This will continue to be a strong area of SLIM Capital’s portfolio in the coming year.
  • Medical: SLIM Capital continued to see a steady increase of business from doctors around the country. Many of whom have and will continue to add lasers and aesthetic devices to their practices. This is an additional source of income for doctors. SLIM Capital looks forward to being a valuable source for helping doctors grow their business.
  • Cannabis: This is an industry that has seen tremendous activity and interest this year! The cannabis space has the highest year over year growth. SLIM is fortunate to have the opportunity to invest in these businesses and be a part of a growing market.
  • Manufacturing: With the circumstances of COVID this year, many businesses saw a slowdown in production, however, many others began to see some steady demand. The manufacturers that SLIM worked with in 2020 made key parts and pieces for some essential businesses. SLIM even extended a 72-month term on a contract.

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