Gibraltar Business Capital recently closed two new credit facilities to assist businesses with growth and seasonal challenges.
The first was a $2 million credit facility with Commoneo, a veteran-owned staffing company located outside of Detroit, Michigan. Building on our staffing industry expertise, Gibraltar established the new financing needed to support the company’s rapid growth now and into the future.
For the second time this year, Gibraltar renewed a relationship with a previous client. Based in Lansdale, Pennsylvania, Cherrydale offers fundraising services to schools and other non-profit organizations. The company was facing seasonal fluctuations that typically occur when partnering with school systems. Gibraltar closed a $3 million credit facility to fill in seasonal cash flow gaps experienced by the company.
Is your organization experiencing challenges related to growth or seasonal fluctuations? We can help. Contact us today and we will connect you with a member of our sales team.