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Gibraltar Completes Record Setting Working Capital Loan

May 16, 2014, 06:44 AM

Gibraltar Business Capital recently completed a record-setting working capital loan. Proving that it can help hopeful companies in need of quick cash flow, Gibraltar recently funded a $500,000 deal in less than one week.

After the bank reduced its borrowing capacity, Gibraltar's client, a small, Wisconsin-based trucking company, needed a new way to fund its growing business. Leadership visited the Gibraltar offices on a Friday. Gibraltar collected all financial and legal data, negotiated loan documents and by the following Thursday secured the factoring facility to meet the company’s payroll needs on Friday.

Other deals Gibraltar recently closed:

Digital media: $250,000 -- An early-stage New York digital media company was rapidly expanding overseas and had outgrown its current factor. In an ideal example of creative capital lending, in just three weeks Gibraltar was able to help the business secure foreign credit insurance and leverage that to provide a $250,000 factoring facility, giving the company critical liquidity to take on new international business.

Tire manufacturer: $750,000 -- A young and growing Florida-based manufacturer of off-road tires and tire-related accessories and equipment needed to clean up some payables and position itself to take on a flurry of new business. Gibraltar stepped in to help with a $750,000 asset based line of credit so the company could successfully meet existing customer demands and new growth opportunities.

Environmental services: $500,000 -- An Oregon-based environmental services company, specializing in the removal of asbestos and other hazardous waste from construction sites, had outgrown its relationship with the local community bank and needed a flexible new lending partner. Gibraltar was able to come to the table with a $500,000 factoring facility to support the company’s growth plans.

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.

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