Gibraltar recently completed two deals designed for companies that needed additional flexibility within their lines of credit. By transitioning these companies from the bank to Gibraltar’s more creative, accommodating lending facilities, our goal is to get these businesses moving again and on their way to years of success ahead.
Gibraltar recently assisted a North Carolina-based distributor with a more advantageous way to support its diverse lineup of products and services: oil and gas, hardware, plumbing, masonry and landscaping products. Gibraltar's $1.8 million asset-based revolving line of credit will allow the company freedom to find cash flow and continue sales momentum.
A New Hampshire-based IT solutions provider serves government and private-industry customers in the advanced field of high-performance networking and infrastructure management. As a value added reseller of hardware, software licenses and maintenance services, the company fills the important role of assessing, architecting and implementing the technologies, policies and procedures that most effectively protect customers’ sensitive data assets. Gibraltar’s more flexible $1.5 million asset-based line of credit will allow this IT business to continue to deliver its critical product in the efficient manner that large customers demand.
Gibraltar also provided two other sizeable facilities—one factoring and one asset-based line of credit.
This private equity-owned mail order pharmacy, based in North Carolina, provides home delivery of prescription drugs and medical supplies, primarily to low-income Medicaid and Medicare Part D patients. Given current demand for prescriptions among a large aging population in the U.S., this young, growing company will use the $5 million asset based revolving line of credit to bolster business and continue to provide an important and convenient service to our communities.
A leading Philadelphia-based cloud service provider was experiencing rapid growth as an Amazon Web Services authorized reseller and Premier Partner. Gibraltar’s factoring line of credit will assist this provider in servicing new sales while growing business in a more flexible fashion.
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.