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GemCap Funds $2.5MM Facility for Scientific Equipment Manufacturer

November 03, 2015, 07:09 AM
Filed Under: Manufacturing

GemCap has funded a $2.5 million loan facility to a designer and manufacturer of telescopes, binoculars, microscopes, and other scientific equipment.  The facility is secured by inventory.
“We are pleased to have been able to provide our borrower with an asset based loan facility on a very specialized retail inventory which most lenders would have found challenging.” said Jim Thieken, Executive Vice President at GemCap.  Thieken added “This facility will give our client more flexibility in operating their business and provide them further growth opportunities.  GemCap can provide creative lending solutions to its clients based on our management team’s extensive experience in operating companies and our broad knowledge of inventory, accounts receivable, and equipment.”
GemCap, an innovative lending firm, provides senior-secured, commercial asset-based loans to low and middle market businesses within the United States and Canada, as well as in-transit inventories en route to the United States. Loans range from $1 million to $10 million. Collateral groups include: inventories (consumer & industrial), receivables, and equipment. 

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