four fresh starts - gibraltar's latest asset-based lending clients
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Gibraltar Business Capital recently completed two deals designed for companies that needed additional flexibility within their lines of credit. By transitioning these companies from the bank to Gibraltar’s more creative, accommodating lending facilities, our goal is to get these businesses moving again and on their way to years of success ahead.TRANSCRIPT
Four fresh starts with Gibraltar’s flexible lending.
Gibraltar Business Capital recently completed two deals designed for companies that needed additional flexibility within their lines of credit. By transitioning these companies from the bank to Gibraltar’s more creative, accommodating lending facilities, our goal is to get these businesses moving again and on their way to years of success ahead.
Multi-product distributor: $1.8 million
Gibraltar recently assisted a North Carolina-based distributor with a more advantageous way to
support its diverse lineup of products and services: oil and gas, hardware, plumbing, masonry
and landscaping products. Our $1.8 million asset based revolving line of credit will allow the
company freedom to find cash flow and continue sales momentum.
Digital media: $250,000
An early-stage New York digital media company was rapidly expanding overseas and had outgrown its current
factor. In an ideal example of creative capital lending, in just three weeks Gibraltar was able to help the business
secure foreign credit insurance and leverage that to provide a $250,000 factoring facility, giving the company
critical liquidity to take on new international business.
Tire manufacturer: $750,000
A young and growing Florida-based manufacturer of off-road tires and tire-related accessories and equipment
needed to clean up some payables and position itself to take on a flurry of new business. Gibraltar stepped in to
Information technology: $1.5 million
This New Hampshire-based IT solutions provider serves government and private-industry
customers in the advanced field of high-performance networking and infrastructure
management. As a value added reseller of hardware, software licenses and maintenance
services, the company fills the important role of assessing, architecting and implementing the
technologies, policies and procedures that most effectively protect customers’ sensitive data
assets. Gibraltar’s more flexible asset based line of credit will allow this IT business to continue
to deliver its critical product in the efficient manner that large customers demand.
Here are two other sizeable facilities—one factoring and one asset based line of credit that
Gibraltar secured to give businesses a fresh and flexible way to do business:
Mail-order pharmacy: $5 million
This private equity-owned mail order pharmacy, based in North Carolina, provides home
delivery of prescription drugs and medical supplies, primarily to low-income Medicaid and
Medicare Part D patients. Given current demand for prescriptions among a large aging
population in the U.S., this young, growing company will use the $5 million asset based
revolving line of credit to bolster business and continue to provide an important and convenient
service to our communities.
Cloud Service Provider: $1 million
This leading Philadelphia-based Cloud Service Provider was experiencing rapid growth as an
Amazon Web Services authorized reseller and Premier Partner. Gibraltar’s factoring line of
credit will assist this CSP in servicing new sales while growing business in a more flexible
fashion.
Need working capital for growth or momentum? Call me today to see if an asset based line of
credit or factoring could work for your cash-flow needs.
Chris Lehnes
Senior Vice President
Gibraltar Business Capital
Gibraltar Business Capital | 23 Barnabas Rd, #57 | Hawleyville, CT 06440
(203) 664-1535 | [email protected] |
www.GibraltarBC.com