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Gibraltar Business Capital Closes Recent Transactions

October 23, 2013, 07:07 AM

In the last two months, Gibraltar Business Capital has closed on almost $15 million in new lines of credit for growing and changing companies from coast to coast. The transactions include:

  • A 20-year-old Illinois-based distributor of custom kitchen and bath cabinetry was experiencing strong growth due to robust recovery in the Chicago-area housing market. Gibraltar provided a quick turnaround on a specialized factoring line of credit, giving the cabinetmaker key working capital to keep business moving forward. Helping proven businesses bridge the gap to future growth is what we thrive on, and Gibraltar is proud to have completed another successful deal with this local business.

Gibraltar also closed four new asset-based lines of credit:

  • Magazine publishing: Gibraltar helped Chicago-based Johnson Publishing Company—the iconic, family-owned publisher of Ebony and Jet magazines—with a credit facility to build its digital strategy and facilitate the global growth of its subsidiary cosmetic brand.
  • Home nursing care: Gibraltar provided important working capital to this Southern California-based business to meet a growing demand for home-health nurses, therapists, social workers and aides.
  • Pop art design: In just weeks, Gibraltar closed on a line of credit for a Boulder, Colo.-based designer of pop art toys, apparel and accessories for the mass market.
  • Waste management: Providing a quick line of credit to service new customers, Gibraltar assisted this New York-based company in retaining its status as a leader in the ‘beneficial use’ waste sector.

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