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GemCap Funds $9.8MM Term Loan to Aircraft Component Manufacturer

September 30, 2014, 07:23 AM
Filed Under: Manufacturing

GemCap has funded a $9.8 million term loan to a manufacturer of machined components for commercial and military aerospace programs.

"The facility was used to refinance the company's existing term loan and provide additional working capital needed to expand the company's current operations,” said Richard Ellis, Co-President at GemCap.

GemCap is an asset-based lender specializing in inventory, equipment and accounts receivable loans from $500,000 to $10 million.

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