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Gibraltar Crafts $5MM Financing Solution for Sponsored Manufacturer

April 02, 2020, 08:50 AM
Filed Under: Manufacturing

Gibraltar Business Capital recently closed on a new $5,000,000 credit facility with a Missouri-based manufacturer.

Headquartered in Kansas City, MO, the new client has been in business since 1952, manufacturing, supplying, designing, marketing, selling and servicing refueling and related equipment. Their products include: Refueling products and hydrant dispensers; Propane and vacuum products; and, Above-ground fuel storage systems

They supply major fueling companies, oil companies, commercial airlines, the military, environmental end markets, freight distribution companies, and fuel marketers around the globe.

The company was recently purchased by a private equity group interested in its success. One of the first steps after the purchase was to look for funding to stabilize cash flow and invest in the future.

Despite the company’s long history of operations and global position in refueling equipment, traditional bank financing was not a good fit with its immediate needs for ongoing working capital. Gibraltar stepped in with a $5 million line of credit based on the company’s collateral — accounts receivable, inventory, and machinery and equipment.

Gibraltar offers credit facility capacity between $2 million and $20 million to serve mid-market businesses and their unique needs.

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