Gibraltar ended its most successful year ever on a strong note, closing an $8 million credit facility for a New York-based heating oil distributor. Cash Flow Issue – Seasonality The company, with roots dating back to 1939, distributes various grades of heating oil to more than 2,000 commercial customers across the NYC metropolitan area. Customers include apartment buildings, retail stores, … Read More
Gibraltar Welcomes New SVP Randi M. Hershgordon
In response to its continuing growth, Gibraltar Business Capital is pleased to welcome Randi M. Hershgordon as its newest Senior Vice President. Randi has more than 30 years of professional experience serving middle-market companies. She brings to Gibraltar keen underwriting, credit analysis, and risk management skills, combined with a steadfast commitment to delivering personalized service that fosters strong working relationships. … Read More
Look Back at 2019 with CEO Scott Winicour
Gibraltar Business Capital has a lot to celebrate, looking back at 2019. It was our best year ever! We owe many thanks this year to our great clients and financing partners, and to our talented and amazing staff. Record-Breaking Growth – Thank You Partners! After breaking a significant record in 2018—$150 million in total commitments—we continued our strong growth to … Read More
Gibraltar Provides $6MM Growth Capital to Company Innovating for the Future of Surgery
Gibraltar prides itself on helping companies and their private equity sponsors seize opportunities when they arise, with enough capital to meet current needs and boost company performance to the next level. Gibraltar recently offered its lending services to a sponsored company with a stake in the future of healthcare. Aging Population Increases Demands on Surgery Centers The aging of the … Read More
Gibraltar Spotlight: New SVP Bruce Mettel
Gibraltar Business Capital welcomes Bruce Mettel as its newest SVP and Account Executive, helping to underwrite and manage Gibraltar’s continuously expanding portfolio of asset-based credit facilities. Bruce is a seasoned credit professional with over 25 years of asset-based lending experience in both banks and finance companies. His roles have been diverse, including field exam, underwriting, relationship management and workout positions, … Read More
Gibraltar Helps Sports Equipment Company Pursue Growth Strategy with $8 Million Credit Facility
Building a successful company takes hard work and solid planning. Sometimes it requires a change in direction to follow consumer buying trends and find your sweet spot in the market. Gibraltar is experienced at dealing with companies in transition and other financial professionals who help guide these companies. Recently, a turnaround consultant brought Gibraltar together with their client, an industry-leading … Read More
How an Asset Based Lender Evaluates Your Accounts Receivable
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