Gibraltar Business Capital closed a new $1.8 million asset-based line of credit for Moasis, a location-marketing technology company based in Austin, Texas.
Gibraltar Business Capital, using a holistic approach, designed an innovative solution to Moasis’s desire for a line of credit that could be accessed on an as-needed basis. Gibraltar Business Capital was able to build a financing formula based on the quality and status of Moasis’s monthly receivables, allowing Moasis the flexibility to tap the line of credit on a monthly or even daily basis, if needed.