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.
The new line of credit will be used to expand operations in the off-season.
Global corporation will use its new GBC line of credit for working capital needs.
“We feel fortunate to have selected a financial partner who understands our vision and strategy, and could help fulfill our capital requirements and allow us to move our business plan forward,” noted Ken Merlau, CEO of OmniVere. “Important in our decision to go with GBC was their keen client focus and responsiveness. It fits our culture,” Merlau added.
This season continues to create exciting opportunities for Gibraltar and businesses in a variety of sectors that need working capital to grow and thrive. One of our most interesting new partnerships was forged with an Oregon-based healthy nut butter manufacturer, which is meeting consumer demand for all-natural alternatives.
Daniel Flaherty has joined Gibraltar Business Capital as Senior Vice President, Portfolio Management. Mr. Flaherty has nearly 20 years of experience in the commercial finance industry and began his finance career at Congress Financial. He most recently was President of his own transaction advisory services firm and prior to that was Director, Portfolio Management at Bridge Finance Group. Mr. Flaherty … Read More