Gibraltar Business Capital announced the following recent transactions totaling $2.25 million to borrowers in diverse industries:
- Gibraltar structured a $250,000 line of credit to support the rapid growth in sales to larger chain customers such as Whole Foods, as well as fine food boutiques. Gibraltar expects this additional working capital will allow the nut butter manufacturer to grow as healthfully as the product it makes.
- A young Washington State-based manufacturer of industrial-strength portable mats for the oil and gas industry needed working capital to fulfill several large orders from major oil companies. Gibraltar assisted the budding business with a $1 million facility to help ramp up production and meet new demand.
- Unhappy with its current financing partner, this Texas-based office products supplier and logistics-support company needed a new ally for greater access to working capital. Gibraltar was able to provide the growing business with a $750,000 factoring facility, which created availability by advancing against inventory in addition to traditional accounts receivable.
- A Florida-based importer/distributor of electrical goods, including batteries, lighting, and wire and cable, was experiencing strong growth. Fulfilling the company’s need for a new financing source, Gibraltar provided a $250,000 factoring facility to help the importer continue to move product to distributors and retailers throughout the state.
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.