Gibraltar Business Capital (GBC) announced the following recently closed transactions:

• GBC recently closed on a $2.5 million asset-based line of credit for a company that provides education data management solutions to K-12 schools primarily in the US. The credit facility was structured to provide liquidity from the sale of software licenses as well as the annual maintenance revenue stream. The Alabama-based company has a solid track record, high retention rates of its customers and plans to use the facility for working capital.
• GBC also recently closed on a $500,000 factoring line of credit to a New Jersey-based value-added reseller of technology products and also a provider of technology solutions to companies in a wide-range of industries in the tri-state area. The company had recently experienced financial difficulties during the economic downturn, however made the proper operational decisions and is now experiencing new growth. GBC’s facility will provide much needed liquidity to support that growth.
• Lastly, GBC recently closed on a $1 million asset based line of credit to a Georgia-based manufacturer of equipment for the restaurant industry, primarily food tables, portable bars, under bar equipment and drop-in sinks. The company was looking for a new lender to provide them with the proper level of liquidity supported by their assets; GBC was able to create a borrowing base to meet their needs.

Gibraltar Capital Advance (GCA) – GCA continues to support small businesses such as retail operations and restaurants by providing needed capital to fund improvements, inventory, and growth. This month GCA added to its staff in order to continue our growth in originations, and to augment support and service for our current customers.