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Gibraltar Business Capital Closes $5MM in Credit Facilities for Two Firms

July 18, 2018, 07:00 AM
Filed Under: Industry News

Gibraltar Business Capital recently closed two new credit facilities to assist businesses with growth and seasonal challenges.
The first was a $2 million credit facility with Commoneo, a veteran-owned staffing company located outside of Detroit, Michigan. Building on staffing industry expertise, Gibraltar established the new financing needed to support the company’s rapid growth now and into the future.
For the second time this year, Gibraltar renewed a relationship with a previous client. Based in Lansdale, Pennsylvania, Cherry Bros. offers fundraising services to schools and other non-profit organizations. The company was facing seasonal fluctuations that typically occur when partnering with school systems. Gibraltar closed a $3 million credit facility to fill in seasonal cash flow gaps experienced by the company.

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