Building on an existing relationship with Diversis Capital, a private equity group based in Santa Monica, CA, Gibraltar Business Capital set up a creative working capital  financing facility for a Diversis portfolio company, Martin Archery.

Martin Archery is a long-standing global supplier of traditional, compound, take-down bows and accessories. After a recent fire at Martin, the company needed a lending partner that was willing to take the time to fully understand the complexities of the situation, as well as provide the flexibility the company needed as it quickly ramped up its orders for an expanding customer base.

Taking advantage of a refinancing opportunity, Gibraltar structured a senior credit facility for Martin which allowed for advances against dated accounts receivable and production inventory, to give the niche company the agility it needed to move forward on its impending larger orders. 

Ron Nayot, Managing Director for Diversis, remarked that “From the beginning, Gibraltar demonstrated its strengths by proposing a creative loan structure customized to Martin’s needs. Throughout the process, the Gibraltar team was flexible, engaged and easy to do business with.”

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 allow enterprise to meet their business 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.