FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
Skip Navigation LinksHome / News / Read News


GemCap Closes $21.9MM in Second Quarter

July 26, 2013, 07:26 AM

GemCap announced the company closed $21.90 million in credit facilities in the second quarter of 2013, including:

  • $7.4 million term loan against machinery and equipment to a manufacturer of fabric for the automobile industry;
  • $6.0 million revolving facility against accounts receivables and inventory to a distributor of outdoor gear, apparel, and accessory brands;
  • $5.0 million term loan using rare antique aircrafts as collateral;
  • $1.5 million revolving facility based on inventory to a manufacturer and retailer of specialized outdoor apparel;
  • $2.0 million credit facility to an importer of frozen seafood.


Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.