SLIM Capital, headquartered in Beverly Hills, CA, announced its exceptional mid-year performance for the first half of 2023. This achievement is highlighted by substantial growth in both deal origination and funding. The company has achieved a remarkable year-over-year increase of 16.25 percent in deal origination during 1H2023, a testament to its robust market presence and unwavering commitment to delivering unparalleled value to its clients.

Throughout the initial two quarters of 2023, SLIM Capital has demonstrated extraordinary progress in its efforts for deal origination, surpassing its own accomplishments from the previous year. This success underscores the company's dedication to innovation and its agility in adapting to the ever-evolving dynamics of the market.

Having originated deals exceeding a total value of over $200 million, SLIM Capital has achieved a notable growth of 6.7 percent compared to the preceding year. This significant milestone stands as a testament to the strategic approach, deep market expertise, and client-centric solutions that have resonated profoundly with its clientele, propelling sustained and remarkable expansion.

"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. 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," said Shervin Rashti, CEO at SLIM Capital.

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: $206MM
• Top Industries: Construction, Manufacturing, Cannabis, Packaging, Food Processing

As SLIM Capital looks ahead to the remainder of the year, it remains focused on its core values of helping businesses with their finance needs and is committed to fostering even stronger relationships with its clients while maintaining its reputation as a reliable industry leader. With the addition of new team members, our efficiency with transactions being processed is stellar. As a full- service direct lender SLIM Capital looks for solutions to get transactions done that many other lenders cannot fund.