There are a few terms and concepts that it’s helpful to know when you are applying for an asset-based loan based on your accounts receivable. This knowledge can help you understand what to expect from the process and, ultimately, the terms of your loan facility. How Much Can You Borrow The first thing an asset-based lender will need to determine … Read More
“Gibraltar Moves Quickly and Digs Deep to Surface Liquidity”
Industrial Value Partners Chose Gibraltar for Their Newest Venture Industrial Value Partners (IVP) is a private equity firm focused on the textiles industry. According to IVP partner Rod Grandy, “We are active owner/operators who are heavily involved in the management of the firms we purchase. We have a specific game plan in mind when we buy companies and we take … Read More
Understanding Equipment Appraisals
Asset-based loans are generally supported by working assets, such as inventory and accounts receivables. However, in some cases, these may be combined with fixed assets such as equipment for increased borrowing capacity. If you have valuable equipment in good condition that is earning income, you may be able to include it in your ABL (asset-based lending) collateral. In this case, … Read More
How an ABL Evaluates your Inventory
Inventory is one of the most important categories of business assets that can be used as collateral for an asset-based loan. When you’re planning to apply for this type of alternative financing, it’s helpful to have some perspective on how your asset-based lender (ABL) looks at the value of your inventory for use as collateral. How Inventory is Valued in … Read More
Gibraltar Business Capital Announces Another Increase in its Credit Facility with Wells Fargo
Growing asset-based lending leader adds financial resources for second year in a row Gibraltar Business Capital, an industry leader in alternative financing for middle-market businesses, announced an increase in its credit line with Wells Fargo, N.A. In 2018, Wells Fargo raised Gibraltar’s facility from $75 million to $100 million. This new increase takes the line up to $125 million, giving … Read More
How Can Inventory Management Affect the Size of Your Asset-Based Loan?
An asset-based lender (ABL) looks at different types of assets in your business that can be used as collateral for a flexible financing solution. The size of the credit facility you can access—your borrowing base—will depend not only on the dollar value of your assets, but also on how well they are being managed to create profit for the company. … Read More
What is Inventory Management & Why is it Important?
Whether you’re a manufacturer or distributor, effective inventory management is critical to the financial health and success of your business in many ways, some of which you may not even have considered before. For example, if you ever need working capital or funding for growth, your inventory could be used as collateral for flexible financing…but only if you know what … Read More
Gibraltar Continues Business Development Expansion with New Northeast SVP, Tony Vassallo
Gibraltar welcomes Tony Vassallo as the newest veteran specialty-finance expert to join its experienced and dynamic Northeast regional business development team. Tony brings over 25 years of asset-based lending experience to Gibraltar. He prides himself on providing honest and practical feedback to prospective clients and referral sources. This, he believes, is a major source of his success in developing close … Read More
Gibraltar Steps In To Support Home Furnishings Company’s Turnaround
Gibraltar Business Capital prides itself on working closely with other financial and business professionals to help their clients gain financial security and build a foundation for future growth. A turnaround consultant called in Gibraltar when his client’s bank proved less flexible than necessary while certain business improvements were in process. Gibraltar was able to respond with a $13 million asset-based … Read More
Leadership Series: Growth Mismanagement with Newpoint Advisors’ Ken Yager
In a recent interview, Ken Yager, President, and founder of Newpoint Advisors offered his observations on growth mismanagement in lower-middle-market companies, from his perspective as a turnaround advisor. Yager has 30 years of experience in the turnaround space and has helped more than 100 struggling businesses find their feet again. Six years ago, he founded Newpoint to offer companies a … Read More