Gibraltar Business Capital recently closed three asset-based loans for a variety of organizations to meet their unique business needs.

In just 32 days, Gibraltar closed an $8 million credit facility with a $15 million accordion for a sponsor-owned snack foods company selling co-branded and private label products to large retail and wholesale chains.

In Bridgeton, Mo., Buse Holdings LLC, a manufacturer of wire and cable harness assemblies and related products, needed relief from post-acquisition debt service and liquidity constraints. An initial funding under a $4.5 million credit facility from Gibraltar, coupled with fresh equity from the ownership group, are stabilizing vendor relationships and getting production back on track.

Pacific StrucFrame LLC, a California-based manufacturer of wood trusses and frames for the residential construction industry, lacked the funding needed to bolster its growth. Though the company is young, the owner has a track record in the industry and is breaking out at a time when there is a nationwide housing shortage. Their new $1 million line of credit, expandable to $2.5 million via an accordion, will help provide additional working capital flexibility to ensure company growth.