GemCap funded a $5.0 million loan facility to a seller of material handling equipment.  The facility is secured by inventory. 
 
 “GemCap is pleased to have provided the company with a flexible financing solution that will allow them to more than double their existing inventory levels and let them capitalize on ever increasing demand for the equipment they sell” said Jim Thieken, Executive Vice President of GemCap.  Thieken added “Where many lenders would have seen operational and logistical issues in closing this type of loan, GemCap, because of it creativity and flexibility, saw an opportunity to provide funding to a healthy, growing business, that couldn’t obtain traditional bank financing”
 
GemCap, an innovative lending firm, provides senior-secured, commercial asset-based loans to lower and middle-market businesses within the United States & Canada, as well as in-transit inventories en route to the United States. Loans range from $1 million to $10 million. Collateral groups include: inventories (consumer & industrial), receivables, and equipment.