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News Stories (28 Results) - GemCap

GemCap provided a $4.0 million facility consisting of a working capital revolver, an equipment term loan, and a mortgage for a munitions manufacturer which wholesales and retails its inventory.  “This is a high-growth, high-demand industry and we’re... view press release
April 07, 2022, 06:00 AM

GemCap closed five loan facilities in July spanning a wide-range of industries. "While other lenders were on vacation, GemCap focused on business, closing more than a facility per week," said Richard Ellis, Co-President. David Ellis, also... view press release
August 05, 2021, 08:00 AM

Annie O’Connor has been named Portfolio Manager at GemCap.  “We recognize that Annie’s strong financial background and in depth knowledge of all facets of asset-based lending makes her the perfect candidate to manage our growing portfolio.  We are... view press release
June 04, 2021, 06:00 AM

GemCap announced it has established a headquarters in San Antonio, TX.  “Operating from a Central Time Zone allows us to service our customers better from both an operations viewpoint, as well as for travel,” comments David Ellis, Co-President. ... view press release
May 17, 2021, 07:00 AM

GemCap provided an $8 million revolving credit facility to a wholesaler and distributor of fresh sweet potatoes as well as value added processed products. The $8 million facility is a senior secured line of credit supported by the company’s inventory... view press release
November 08, 2018, 08:00 AM

GemCap acquired the portfolio of FTrans, a well-established factor, and hired the FTrans Atlanta-based team.  “GemCap is excited to expand into factoring.  While continuing the excellent service from FTrans, GemCap expands the typical factoring... view press release
November 09, 2017, 08:00 AM

GemCap provided a $10.0 million inventory revolving asset based line of credit and a $300 thousand term loan against equipment to a Texas nursery.  Chiron Financial, LLC served as the exclusive investment banker. “Our client needed financing which... view press release
November 01, 2017, 08:00 AM

GemCap provided a $5.0 million revolving commitment to a producer and distributor of frozen, live and fresh seafood. “GemCap has a creative and flexible approach to financing that will help support the company's working capital and expansion” said... view press release
May 24, 2017, 08:00 AM

GemCap funded a $5.0 million loan facility to a seller of material handling equipment.  The facility is secured by inventory.    “GemCap is pleased to have provided the company with a flexible financing solution that will allow them to more than... view press release
September 21, 2016, 07:14 AM

GemCap funded a $7.5 million loan facility to a manufacturer and distributor of construction related equipment.  The facility is secured by inventory and accounts receivables.   “GemCap provides quick funding decisions and flexibility - we ensured... view press release
May 06, 2016, 07:13 AM

GemCap has funded a $1.0 million loan facility to FlexPath Capital, a purchaser and reseller of non-prime auto loans. FlexPath Capital CEO Peter Sayer stated “we are pleased to partner with GemCap to provide additional capital for our growing auto... view press release
February 25, 2016, 07:59 AM

GemCap has funded a $1.5 million loan facility to HYLETE, a manufacturer and online retailer of athletic performance apparel.  The facility is secured by inventory.   “It can be challenging for an online retailer to obtain reasonably priced debt... view press release
January 28, 2016, 07:32 AM

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... view press release
November 03, 2015, 07:09 AM

GemCap has funded a $10 million loan facility to a California-based construction company specializing in the oil and gas industry.  The facility is secured by accounts receivable, machinery, and equipment.   The company was brought to GemCap by... view press release
August 21, 2015, 07:16 AM

GemCap has funded a $9 million loan facility to an Iowa based iron casting foundry, the facility is secured by accounts receivable, inventory, machinery, and equipment.   In its capacity as chief restructuring officer, Huron Consulting Group selected... view press release
February 26, 2015, 07:32 AM

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... view press release
September 30, 2014, 07:23 AM

GemCap funded a $500,000 revolver for a start-up company that purchases non-prime auto notes and portfolios. “This line will allow the company greater purchasing capacity and give the company greater flexibility in implementing its growth strategies... view press release
August 08, 2014, 07:00 AM

GemCap entered into an agreement for a $4 million revolver against inventory to a Frozen Food Distributor in California.  The facility allowed for refinancing and provided the company working capital for growth and expansion.  “We finance many types... view press release
July 31, 2014, 07:03 AM

GemCap announced the funding of a $5.9 million senior facility to a manufacturer of orthodontic products and supplies.  The facility is comprised of a term loan secured by machinery and equipment and a revolver against account receivables and... view press release
July 23, 2014, 07:07 AM

GemCap announced the opening of a new office location in Columbus, OH, that will be managed by Jim Thieken, Executive Vice President at GemCap. “Having a mid-west office is part of our strategic growth plan”, says David Ellis, Co-President. “We are... view press release
May 15, 2014, 07:21 AM

GemCap announced a $1.0 million term loan to a developer and manufacturer of medical devices.  The loan is based against the company’s machinery and equipment. “The company is pre-revenue and this loan is an important part of funding the research... view press release
April 03, 2014, 07:12 AM

GemCap funded a $5 million revolver to support the growth of a buy-here/pay-here auto dealership. The dealership has experienced steady growth over the last several years and needed a new facility to support its trajectory. “This is an important... view press release
March 14, 2014, 07:36 AM

GemCap is pleased to announce the addition of Jim Thieken as Executive Vice President and Annie O’Connor as Accountant. Thieken brings 23 years of experience in mergers, acquisitions, and divestitures in retail, wholesale and manufacturing... view press release
February 07, 2014, 07:56 AM

GemCap announced it finished 2013 with $10.60 million in credit facilities, including: $1.5 million term loan against machinery and equipment to a manufacturer of parts for the automobile industry. The facility provided bankruptcy exit... view press release
February 05, 2014, 07:29 AM

GemCap announced the company closed $21.90 million in credit facilities in the second quarter of 2013, including: $7.4 million term loan against machinery and equipment to a manufacturer of fabric for the automobile industry; $6.0 million... view press release
July 26, 2013, 07:26 AM

Monroe Credit Advisors placed an undisclosed amount of senior secured credit facilities for its client, Detroit Technologies, Inc. (DTI), to effect the acquisition of Formed Fiber Technologies, Inc. (FFT). The facilities were made up of a revolver... view press release
June 18, 2013, 07:56 AM

GemCap is pleased to announce a $7.4 million term loan against machinery and equipment to one of North America’s largest manufacturer of fibers and fabric for the automobile industry.  The company is a major supplier to General Motors and... view press release
June 06, 2013, 08:09 AM

GemCap announced it closed $18 million in credit facilities for the month of October. The deals include: A $10 million DIP (Debtor-in-Possession) facility to a Texas manufacturer of lithium phosphate rechargeable batteries A $2.23 million... view press release
November 09, 2012, 08:30 AM