debt
confidence high
sentiment positive
materiality 0.65
Inuvo secures $10M asset-based credit facility from SLR Digital Finance
Inuvo, Inc.
- $10M maximum line; allows borrowing up to 90% of eligible AR with 36-month initial term.
- Replaces existing loan with Mitsubishi HC Capital America; all obligations satisfied.
- Interest rate: Prime + 1% (min 7% p.a.) with initial 30-day flat fee structure.
- Proceeds for general corporate purposes, working capital, capex, and strategic investments.
- Collateral includes first-priority security interest in all borrower assets.