Gibraltar Business Capital announced the company's nationwide loan team has completed over 30 asset based lending and factoring facilities so far this year.  To follow are a few recent completions:

Home Materials Supplier: $3.5 Million

This Arizona-based supplier of cabinets, flooring and countertops had outgrown its private holdings and funding through its founder. With an immediate and pressing demand for its product, the company turned to Gibraltar for an institutional capital solution to meet demand and expand. We provided a healthy $3.5 million revolving line of credit to support the supplier in fulfilling an exciting rise in sales.

Frozen Fruit Importer/Distributor: $250,000

This Florida-based company, which imports and distributes processed frozen fruit from Colombia, needed capital quickly to meet growing demands. Proving that its factoring can work for all types of emergent businesses, Gibraltar put together a customized $250,000 revolving factoring line of credit to take this importer to the next level.

Plastics Manufacturer: $500,000

Looking for a more cost-effective and flexible cash-flow solution, this North Carolina-based plastics manufacturer partnered with Gibraltar on a $500,000 revolving factoring line of credit to refinance an existing factoring relationship. The move freed up cash and resources that the company can now reinvest in growing business.

Computer Hard Goods Manufacturer: $1.5 Million

After relocating its corporate headquarters, this South Dakota-based manufacturer of high-density memory modules, printed circuit boards and other computer products was operating without a line of credit. Gibraltar came to the table with a $1.5 million asset based line of credit to better support the manufacturer’s recent growth.
About Gibraltar Business Capital

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.