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
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
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
$20MM in 30 Days—Expanded Credit Capacity and Expertise Fuel Gibraltar’s Growth
Gibraltar has built $20MM in new financing partnerships over the past 30 days— providing four companies with working capital flexibility to support their plans for the future. We’ve been able to reach this funding achievement by using our solid capital base and competitive strengths in the $2-$20 million ABL market. This momentum reflects our success in working with all types … Read More