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Gibraltar Business Capital Announces Recent Deals

November 21, 2014, 07:47 AM

Gibraltar Business Capital recently announced the firm funded four deals in October. Gibraltar’s recent facilities ranged from a half-million dollar factoring line for a niche electrolyte drink maker to a multimillion-dollar asset-based revolving line of credit with a TV and entertainment magazine. Details of these facilities are as follows:

Weekly publication: $6 million
This New York-based media company owns a weekly magazine providing television programming listings and entertainment news. Gibraltar’s $6 million asset-based revolving line of credit will accelerate an operational turnaround executed by a private equity group that purchased the company several years ago.

Food & beverage: $1.7 million
This St. Louis-based company manufactures the leading regional BBQ sauce. With its current lender going through an ownership transition, the company needed a new financial partner to facilitate brand and geographic expansion. Gibraltar’s $1.7 million asset-based revolving line of credit will give the manufacturer an opportunity to expand and boost business momentum.

Fiber optics: $1.5 million
This fiber-optic engineering company, based in Arizona, needed more liquidity than its current lender was willing to provide. With a new $1.5 million factoring line of credit from Gibraltar, the company will be able to service existing cable and phone company customers while growing new accounts.

Food & beverage: $500,000
This California startup develops and distributes an electrolyte replacement and hydration drink. After successfully placing the product in the retail channel, the company needed liquidity to acquire more inventory for future sales. Gibraltar’s $500,000 factoring line of credit will help this young enterprise balance supply and demand as it ramps up sales.

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 that allows business owners 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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