Gibraltar Business Capital recently closed on a new $6.75 million asset-based line of credit for St. Paul, Minn.-based Maple Island Inc., a leading manufacturer, processor and packager of quality food-powder products and one of the only vendors that is USDA-approved, FDA-inspected and Kosher-approved for infant/toddler powdered formula. Through a highly competitive process, Gibraltar Business Capital was able to help Maple Island creatively … Read More
Vice President Jeremy DeBoer took a few minutes away from his day managing loans for Gibraltar Business Capital clients to tell us more about his job and himself. A native Chicagoan, he is one of Gibraltar’s account executives who sees to it every day that clients are communicating with Gibraltar about their needs and operations. Read more about how DeBoer … 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.