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Gibraltar Business Capital Provides $2MM For Custom Wood Products

February 01, 2017, 07:49 AM
Filed Under: Manufacturing

Gibraltar Business Capital closed a new $2 million asset-based line of credit for Custom Wood Products (CWP), a producer of fine custom wood cabinetry located in Roanoke, VA.

Working with CWP and financial sponsor, Wafra Partners LP, an affiliate of Wafra Investment Advisory Group Inc., Gibraltar Business Capital designed a creative solution that provided greater liquidity and more flexible payment terms than their previous facility. With the influx of vital capital, CWP is now able to transition to their new business model and focus their attention once again on manufacturing high-quality custom products.

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