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Gibraltar Business Capital Announces Recent Transactions

April 23, 2015, 07:53 AM

Gibraltar Business Capital announced  three exciting deals that have allowed small businesses nationwide to grow change or reach business goals in ways that continue to inspire us as an asset based lender.

A lending solution to shift at the speed of technology:  A California-based provider of embedded wireless modules and antennas was going through an ownership change and needed alternative capital to buy out a founder as well as fund future growth. Gibraltar was able to set up a $2 million asset based line of credit for the emerging company, whose wireless modules integrate with end users’ technology to track business machines’ performance, health and location. The wireless communications solutions supplier is now better positioned to market its productivity products.

Medical staffing biz gets remedy for working-capital deficit: Our Georgia-based based physician-staffing client needed a capital solution that would allow for more flexibility and growth opportunities. Gibraltar helped mitigate the company’s cash-flow issues by refinancing its existing factoring facility with a new $2 million a line of credit.

Factoring solution keeps ship-decking co. sailing smoothly: This Florida-based business has an interesting niche: supplying deck flooring to large cruise ships. However, the company was experiencing strong growth and needed working capital to support mounting sales. Gibraltar was able to secure a $500,000 factoring facility to help give the decking provider a stronger foundation going forward.

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.

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