GemCap funded a $5 million revolver to support the growth of a buy-here/pay-here auto dealership. The dealership has experienced steady growth over the last several years and needed a new facility to support its trajectory.
“This is an important segment of our economy and we’re happy to support the continued growth of our client,” said David Ellis, Co-President.
GemCap is an asset-based lender specializing in inventory, equipment and accounts receivable loans from $500,000 to $10 million.