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CPXi Secures $6MM ABL From Gibraltar Business Capital

November 30, 2016, 07:25 AM
Filed Under: Technology

Gibraltar Business Capital proved again that asset-based lending is an increasingly relevant financing option for businesses immersed in media technology services. Media tech company CPXi, a digital solutions company headquartered in New York with offices globally, required some creative financing after pursuing the sale of one of its operating divisions. Underwriting on an initial ABL line of credit had already taken place, which created a challenge that Gibraltar took head on last month.

Thanks to the flexibility of Gibraltar’s ABL solution, as well as the special care and extra effort undertaken by the team, this out-of-the-box loan scenario was secured to the utmost satisfaction of the client.

CPXi acknowledged the unique requests asked of the Gibraltar team in restructuring the new deal in a revised timeline that met the company’s expectations.

In the end, CPXi moves forward with a $6 million ABL line, allow the digital solutions company to leverage existing assets while effectively competing in a demand heavy marketplace.

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. With fast, flexible asset-based lending and factoring solutions, Gibraltar delivers lines of credit and specialized funding that allows business owners to meet their objectives. Building on its 60-year history, Gibraltar Business Capital is a multifaceted company strategically positioned with the portfolio, infrastructure, personnel and resources to support its clients nationwide.

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