Gibraltar Business Capital announced it recently closed four new facilities support companies from diverse sectors. The deals are:
A $1.5 million revolving line of credit for an athletic shoe designer and manufacturer. The Texas-based specialty shoe company developed a patented spring for the sole of distance running shoes. The emerging brand also has a casual walking line and a TV licensing agreement that allows them to sell shoes branded by a popular major cable TV channel. Gibraltar’s facility helped this young, growing company refinance an existing bank line and gain fresh financing for new avenues of growth.
Other deals in other sectors include:
- Biotechnology: This Boulder-based biotech business, specializing in the discovery and development of small molecules from sustainable natural biomass sources, needed creative financing to support rapid growth. Gibraltar’s $500,000 factoring solution allowed the company to expand in the specialized industry of improving human health and well being through omega-3 phospholipids and fatty acids.
- Language & cultural services: This full-service Philadelphia language and cultural services company is the leading provider of on-demand human interpreters and translators. Providing a suite of 24/7 translation services, combining best-in-class linguists with cutting-edge technology to deliver immediate communication in any language, the company required financing to support strong growth. Having outgrown its current banking relationship, the provider partnered with Gibraltar to secure a $750,000 facility to allow for employment growth and expansion.
- Biofuel tech: This Ohio-based bio-fuel company has developed technology that enhances chemical reactions and modifies the physical and chemical properties of heavy fossil petroleum. It also increases vegetable oil yield by up to 5% when refining the oil, which generally translates into an 11% increase in gross margins. Gibraltar Technology Finance, a division of Gibraltar, provided a $750,000 working capital facility that will fund growth and advance liquidity on the company’s lease and sale of equipment to various oil refiners throughout the world.
Headquartered in Chicago, Gibraltar Business Capital is a privately held middle-market lender providing small- to medium-sized business owners fresh and accessible capital alternatives to a commercial bank loan. With fast, flexible asset-based lending and factoring solutions, Gibraltar delivers lines of credit and specialized funding that allows business owners to meet their objectives. Building on its 60-year history, Gibraltar Business Capital is a multifaceted company strategically positioned with the portfolio, infrastructure, personnel and resources to support its clients nationwide.