In a company press release, Gibraltar Capital Holdings announced that Gibraltar Business Capital (GBC), the company's asset-based lending company, can now lead facilities of up to $10 million. Its small business capital company, Gibraltar Capital Advance (“GCA”), provides cash advances of up to $1 million.
Gibraltar also announced the following promotions:
- Scott Winicour has been promoted to Co-President of Gibraltar, parent company of GBC and GCA. Given his deep history with Gibraltar and years of industry experience, Winicour continues to lead all Gibraltar Business Capital lending activities.
- Jim Teppen has also been promoted to Co-President of Gibraltar, where he oversees the day-to-day operations and strategy.
- Heather La Freniere, Executive Vice President, Head of Originations will continue to lead all marketing and sales, as well as manage new business development of GBC’s national sales team.
Additionally, GBC has expanded and extended its senior lending facility with Wells Fargo, which enables the company to continue growing its core lending operations.
Meanwhile, GCA has also extended its senior lending facility with Signature Bank and opened a new location in downtown Chicago. The GCA business is led by Steve O’Connor, Executive Vice President and Ed Job, Chief Operating Officer.