Gibraltar Business Capital (GBC), a leading commercial finance company focused exclusively on the factoring and small asset-based marketplace, and Gibraltar Capital Advance (GCA), a provider of flexible, fast-capital advances on future sales, today announced that they have closed new senior secured credit facilities that increase their borrowing capacity by 50% to $101 million. “This funding empowers our growth and commitment … Read More
Gibraltar Business Capital closed a new $8.8MM asset-based line of credit for Greensboro, N.C.-based Elastic Fabrics of America, a leading manufacturer of warp-knitted and circular-elastomeric fabrics that are used to make lingerie, athletic apparel and certain fabrics needed for medical-related purposes. Gibraltar Business Capital was able to help Elastic Fabrics of America, which is owned by a private-equity firm, tap … Read More
We recently met up with Michael Conrad, senior vice president and business development officer of the originations team at Gibraltar Business Capital. He is responsible for the innovative financing terms that have helped businesses tap lines of liquidity to weather tough industry times. One of his most recent deals was with Horizon Mud Company, an oil- and gas-services provider based … Read More
Gibraltar Business Capital closed a new $6MM asset-based line of credit for Horizon Mud Company, a full-service drilling fluids company based in Midland, Tex. In an industry beset with instability since the price of oil began a steeper decline in mid-2014, Horizon Mud was looking for a well-tailored credit solution that would unlock the value of its assets as it … Read More
In less than 30 days, Gibraltar Business Capital closed a new $2MM asset-based line of credit for Custom Wood Products (CWP), a producer of fine custom wood cabinetry located in Roanoke, VA. Working with CWP and financial sponsor, Wafra Partners LP, an affiliate of Wafra Investment Advisory Group Inc., Gibraltar Business Capital designed a creative solution that provided greater … Read More
Gibraltar recently helped a growing manufacturing business access $3.5 million in immediate liquidity after the acquirer of its bank reduced funding options. This example showcases how alternative financing continues to successfully meet critical working-capital challenges in the small business arena.
Gibraltar Business Capital’s Scott Winicour discusses the advantages of asset based lending in this article published today on Axial Forum: News & Insights.
The new line of credit will be used to expand operations in the off-season.