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GemCap Funds $16.3MM in New Credit Facilities

November 01, 2017, 08:00 AM
Filed Under: Industry News

GemCap provided a $10.0 million inventory revolving asset based line of credit and a $300 thousand term loan against equipment to a Texas nursery.  Chiron Financial, LLC served as the exclusive investment banker. “Our client needed financing which provided adequate credit for inventory and equipment for their seasonal business.  In addition, the transaction had to close in a very compressed time frame,” said Jay H. Krasoff, Managing Director of Chiron Financial. “The GemCap team dug in quickly to understand the client’s needs and delivered a solution where other lenders could not.  Our client would not be in business today without GemCap.”
GemCap also provided a $6.0 million revolving asset based line of credit within the livestock industry.  
GemCap provides senior-secured, commercial asset-based loans to low and middle market businesses within the United States & Canada.

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