Gibraltar Business Capital closed a new $10.8 million asset-based line of credit for Eden, N.C.-based KDH Defense Systems, a leading engineer and manufacturer of American-made, high-performance body armor for the military, federal government, and law enforcement agencies.

Through a highly competitive process, Gibraltar Business Capital was able to help KDH prepare for a major manufacturing ramp up. A strong understanding of how government contracts work gave Gibraltar Business Capital the tools it needed to structure the credit facility using raw materials, work-in-process inventory, finished goods and equipment as collateral. That allowed KDH, a privately-held organization, to start production this spring on four major contracts.