A Boston-headquartered electronic data interchange (EDI) software manufacturer, whose product integrates accounting systems between trading partners, had outgrown its existing factoring facility and needed a new lending partner to finance its rapid growth.
Gibraltar Business Capital knew the company was well positioned in a growing industry: EDI already supports a third of the U.S. GDP, with up to 15 million EDI transactions taking place each day. Designed to streamline order placement, fulfillment, shipping and invoicing so small and mid-size businesses can better service larger trade partners such as WalMart and Home Depot, this company’s cloud-based EDI software was fulfilling a clear need in the future of the supply chain.
Gibraltar secured a custom revolving $1 million line of credit and term loan to help support the EDI company’s exciting evolution.
In addition to this creative capital deal, Gibraltar is announced two other recent transactions:
- Nutritional Beverages: Alkaline Water (AZ-based manufacturer): $500,000 Factoring Facility
- Nutritional Foods: Powdered Fruits and Vegetables (OR-based manufacturer): $500,000 Factoring Facility