Northbrook, IL – May 27, 2026. Gibraltar Business Capital (GBC) has closed a $12.5M senior secured revolving credit facility for Sharebite, Inc., the leading enterprise meal benefits platform headquartered in New York, NY. The new facility refinances Sharebite’s existing credit facility and provides additional working capital flexibility to support the company’s continued growth, technology investments, and innovation initiatives.
Launched in 2016, Sharebite serves enterprise-grade clients across various industries, including technology/AI, financial services, legal, automotive, consulting, industrial, sports, media/entertainment, and beyond. As the leading platform built exclusively for corporate clients, Sharebite selected GBC as a financial partner with the flexibility to structure a facility around its predictable, recurring revenue model and scalable operating profile.
GBC understood the dynamics of Sharebite’s business, including the nuances of its technology-driven billing cycles and high-quality enterprise receivables, and crafted a customized facility aligned to the company’s needs.
“As Sharebite continues to scale, we wanted a partner that understood the quality of our enterprise receivables and the operating dynamics of our platform. Gibraltar moved quickly, took the time to understand our business, and structured a facility that truly aligns with how we operate and grow,” said Dilip Rao, Founder and Chief Executive Officer of Sharebite.
“Sharebite is exactly the kind of innovative, high-growth company we built GBC to support,” said Scott Winicour, Chief Executive Officer of Gibraltar Business Capital. “Their technology platform is differentiated, their client base is blue-chip, their people are extremely talented, and the company has built an impressive operating foundation. We were able to understand the unique needs of their business and build a structure that truly fits how the company operates.”
About Gibraltar Business Capital
Chicago-based Gibraltar Business Capital (GBC) is a specialty finance company that delivers working capital in the form of asset-based loans ranging from $10 to $100 million. GBC is an expert financial partner providing mid-market companies nationwide access to capital when needed most to solve challenges or fuel growth at any stage of the business lifecycle. With over 70 years of experience, the GBC team is trained to listen, think differently, and take unique circumstances into account. Gibraltar Business Capital is a portfolio company of multi-billion-dollar specialty finance company Hercules Capital, Inc. (NYSE: HTGC). For more information, visit www.gibraltarbc.com