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Gibraltar Business Capital Provides $5.5MM in Three Recent Deals

June 14, 2013, 07:29 AM

Gibraltar Business Capital (GBC) announced the following recent transactions:

  • GBC recently closed on a $1.5MM factoring line of credit to a PA-based manufacturer and distributor of an organic fertilizer stimulant that promotes strong plant health; the product is used to reduce the amount of supplemental nutrients needed to produce optimum color, root development and health and promotes a robust ecosystem reducing the requirement for pesticides needed to suppress weeds, insects and disease.  The two-year old company is experiencing tremendous growth andneeded additional working capital to help fuel that growth. 
  •  GBC recently closed on a $1MM factoring line of credit to a NY-based staffing company focused on the IT and telecommunications industry. This financing was to fund the spin-off of a division of a larger company; the new company expects to grow rapidly making use of the GBC facility.
  • Lastly, GBC recently closed on an $3MM revolving line of credit to finance a the emergence from bankruptcy/re-start of the U.S. division of a Canadian distributor of car parts including brake rotors, drums,  and shoes.  The U.S. division was always profitable. However, the parent that entered receivership and the US management team acquired the assets from the trustee.

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