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GemCap Funds $6MM in New & Increased Credit Facilities

May 24, 2017, 08:00 AM

GemCap provided a $5.0 million revolving commitment to a producer and distributor of frozen, live and fresh seafood. “GemCap has a creative and flexible approach to financing that will help support the company's working capital and expansion” said Nathalie Butler, SVP New Loans at GemCap. “Our funding allowed the company to refinance its existing senior debt in conjunction with a local nonprofit Community Development Financial Institution” added Butler.

GemCap increased $1.0 million in funding to a laboratory providing services to the oil and gas industry. Additionally, GemCap extended a $5.5 million facility to a designer and manufacturer of casual and functional footwear. “With GemCap’ s continued growth we are constantly looking at new approaches to help our Borrowers’ continued success. Over the years this borrower has demonstrated consistent top line growth as our facility helped provide working capital that was previously committed to inventory” said Michael Lipkin, GemCap Portfolio Manager.


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