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GemCap Funds $5MM for Consumer Auto Note Portfolio

March 14, 2014, 07:36 AM
Filed Under: Consumer Finance

GemCap funded a $5 million revolver to support the growth of a buy-here/pay-here auto dealership. The dealership has experienced steady growth over the last several years and needed a new facility to support its trajectory.

“This is an important segment of our economy and we’re happy to support the continued growth of our client,” said David Ellis, Co-President.

GemCap is an asset-based lender specializing in inventory, equipment and accounts receivable loans from $500,000 to $10 million.







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