2021 Brings Promising and Record Growth for SLIM Capital

January 20, 2022, 07:18 AM

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Amid the persistence of the pandemic, the equipment finance industry pushed ahead and began shifting toward sustainable, inclusive growth. SLIM Capital, LLC, located in Beverly Hills, CA, reported 2021 as a record year for total fundings resulting in an increase of 24.63 percent, year-over-year. Shervin Rashti, CEO is pleased with how 2021 ended and feels extremely optimistic that there will be continued growth and exciting opportunities in 2022.

“By continuing to enhance our processes, credit scoring modeling and upgrades in systems, we have seen a huge uptick in our efficiency. This gives our referring partners the confidence in knowing they can look to SLIM as the premier option to handle their financing requests.” said Shervin Rashti.

Here is a quick snapshot of Business Lending in 2021 for SLIM Capital:

Average Amount Funded: $135,230
Funding Volume Increase (Y/Y): 24.63 percent
Total Number of Deals Processed: 2,225
Total Dollar Amount of Applications Processed: $433,278,682
Processed Increase (Y/Y): 7.7 percent
Look to Book Time: 1 Day

Some of the top industries that SLIM Capital was able to help and saw promising growth in:

Energy: Another stellar record year for Energy, more specifically, renewable energy. SLIM Capital continued to fund deals for businesses in this industry consistently each quarter, making it our most popular financing for 2021. SLIM Capital believes that this area of business will not be slowing down anytime soon!
Construction: SLIM Capital continued to see a steady increase of business from contractors around the country. Many of whom have and will continue to add equipment to their businesses to support bigger contracts. With new spending coming from legislative infrastructure bills, we have seen significant growth and anticipate considerable more spending in the coming years.
Cannabis: This is an industry that has seen continuous activity and interest throughout the country. The cannabis space has the highest year over year growth. Because of our expertise in the equipment and business model, SLIM Capital is fortunate to have the opportunity to invest in these businesses and be a part of a growing market.