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Gibraltar Business Capital Closes $5MM ABL With Consumer Products Company

April 25, 2016, 08:01 AM
Filed Under: Consumer Products

Gibraltar Business Capital recently closed a new $5 million asset-based credit facility to a Burlington, MA based company that specializes in designing and developing patented consumer products; currently its primary product is a heated insole which uses state-of-the-art technology to keep feet and toes warm in the coldest conditions.  The GBC line of credit will be used to help balance working capital needs through its off season and build toward its peak season in the fall and winter.  
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 facilities from $2 million to $10 million that allow businesses 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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