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Gibraltar Provides $4MM ABL to Solar Inverter Manufacturer

April 01, 2016, 07:49 AM
Filed Under: Manufacturing

Gibraltar Business Capital recently closed a new $4 asset-based line of credit to a manufacturer of solar inverters primarily for industrial/commercial use. The company is a global corporation which has recently established operations in San Antonio, TX; the German parent provided initial capital and with the new GBC line of credit the US entity will now be self-sufficient as the line will be used to help balance working capital needs between projects.  

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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