Closing of $2MM Facility with Alpha Precision Media
SLR Digital Finance announces the completion of a three-year accounts receivable based credit facility for Alpha Precision Media, a leading advertising technology company providing managed service campaigns across the Amazon Ads ecosystem.
Alpha drives results for its advertisers by planning, buying, and executing Connected TV and Digital Media campaigns on Amazon. They’re the only certified Minority-owned Business Enterprise with full-platform access across the Amazon ecosystem.
The proceeds will be used to refinance existing debt and to provide the business with additional working capital as they continue to onboard new advertisers and agencies.
“From the very beginning, working with the Alpha team has been an absolute pleasure,” said Jeffrey Austin, SVP of Business Development at SLR Digital Finance. “Alpha is in a fantastic position to continue their growth trajectory across the Amazon Ads ecosystem. We are excited to be part of their future and are thrilled to have a role in their continued success.”
Alpha Precision Media CEO Larry Harris said, “Our arrangement with SLR Digital Finance is an important step forward for Alpha Precision Media. Their knowledge of the media industry, depth of their database, and their understanding of our business is unmatched. They have the capacity to contribute to our success in ways far beyond providing capital. We are fortunate and excited to be associated with SLR.”
SLR Digital Finance has extensive experience financing digital media and advertising technology companies similar to Alpha Precision Media.
About Alpha Precision Media
A certified Minority-Business Enterprise and an Amazon Advertising Partner, Alpha’s people-centered approach to media planning, buying and analytics goes beyond demographic targeting to ensure that your campaigns reach incremental audiences at scale & deliver measurable outcomes while contributing to diverse-spend goals.
We are also the only Amazon advertising ecosystem partner that creates, produces, and activates sponsor-developed content.
About SLR Digital Finance
SLR Digital Finance is the leading asset-based lender serving digital media companies looking for an alternative to traditional bank financing. SLRDF offers factoring and asset based loans up to $100 million and finds ways to provide borrowers with maximum availability and flexibility. SLRDF serves advertising technology companies, publishers, ad networks, creative studios, agencies, and digital platforms.
SLRDF is a wholly owned subsidiary of SLR Business Credit (an SLR Investment Corp company; NASDAQ: SLRC).