Gibraltar Closes Asset-Based Line of Credit for an Importer of Organic Clothing

Gibraltar Business Capital recently closed a new $2MM asset-based revolving line of credit to support rapid growth for PACT Apparel, which makes super soft organic cotton clothing, sold through wholesale partners and the company’s website (www.wearpact.com). The company is striving to change the apparel industry, by making clothing that is better for people and the planet. Gibraltar Business Capital more than doubled the size of the credit facility Pact was using, giving the business the flexibility it needed to fulfill its mission and meet growth demands.

“Gibraltar was instrumental in supporting our growth through a simple and flexible revolving line of credit,” stated PACT Apparel VP of Finance & Sales, Drew Cook. “We vetted potential partners thoroughly. Gibraltar rose to the top as they fill an important niche for high growth companies and we appreciated having senior decision-makers accessible and readily available.”

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