Gibraltar Business Capital closed a $2 million line of credit for American Horticultural Supply, a distributor of horticultural products to nurseries and growers. Headquartered in Oxnard, California, the company primarily supplies growing media, containers, coverings, fertilizers and structures.
Speed to close was an essential factor in the deal, as Gibraltar worked quickly to assist American Horticultural Supply with implementation of an effective refinance and growth strategy. Gibraltar was able to adjust to the dynamic needs of the growing business to provide timely working capital.