Slave Labor Graphics Publishing, or SLG Publishing, has long been a mainstay in indie comics. Best known for darker comics such as Evan Dorkin's Milk and Cheese and Jhonen Vasquez's Johnny the Homicidal Maniac, the indie publisher has been in business for 27 years and also runs a retail location/art gallery in San Jose, CA.
However, SLG has had a hard time of it recently, partially due to a forced relocation from their longtime home in San Jose. According to owner Dan Vado, the costs associated with the move created a domino effect, which led to SLG's bank and several other financial instituions to close their lines of credits and credit cards, putting the company in a financial bind. Several of his former lines are now on loans with high interests, which has severally impacted the business's bottom line. Vado admits that "bad decisions" also played a part in this, although Vado didn't go into details.
Vado states that while SLG is still making money, the business's cash flow isn't enough to pay down their debt AND keep the doors open. In order to remedy this, Vado has started a GoFundMe campaign that hopes to raise $85,000. In just 16 hours, the campaign has already raised nearly $4,000, but there's still a long way to go to help SLG and Vado reach their goals.
It's always hard to see a company struggle financially, especially one in the comic book industry. Vado states in his GoFundMe that SLG declaring bankruptcy isn't an option as his various debt is personally guaranteed, so this campaign is really SLG's best option to stay in business. The nice thing about GoFundMe is that there's no deadline to contribute, and Vado states that he plans for this process to take "a couple of years".
For additional details, check out SLG's GoFundMe page. If you're a fan of indie comics, please consider donating.