Four diverse deals fall into place in October

Gibraltar recently wrapped up another set of widely varied

asset based lending and factoring deals. We consider the rich

diversity of industries we service one of the most interesting

aspects of lending. 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.

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.

Need working capital for growth or momentum? Call me today to see if an asset based

line of credit or factoring facility could work for your cash-flow needs.

For more information, call Chris Lehnes at (203) 664-1535

Chris Lehnes

Senior Vice President

Gibraltar Business Capital

Gibraltar Business Capital | 23 Barnabas Rd, #57 | Hawleyville, CT 06440

(203) 664-1535 | CLehnes@GibraltarBC.com |

www.GibraltarBC.com