This month is a great time to highlight how financing with Gibraltar doesn’t have to fit into a traditional lending framework. We specialize in flexible terms and creative borrowing-based capital solutions that work for each individual company’s needs.
One of our most recent deals is an ideal example of how we can customize loan terms around business requirements and credit worthiness. In this case, Gibraltar secured a $2.25 million facility for a data logging service provider for the trucking industry. The 12-year-old, Atlanta-based business, which sells logging units as well as services such as monitoring of drivers, fuel, and refrigeration, needed access to more capital to grow.
Seeing an alternative path to liquidity, Gibraltar was able to refinance the company’s existing bank relationship. We created a multi-pronged facility that includes a revolving line of credit, as well as term loan supported through recurring revenue that the company’s monitoring service generates each month.
Here are some other flexible financing facilities we completed last month:
A capital infusion for a restructured home healthcare agency
With the increased demand for quality home health care, it’s no surprise that this Philadelphia-based home care agency needed a capital infusion to shift with an evolving industry. Our $1 million revolving line of credit allowed the company to rebuild after a reorganization and support a new business model to provide non-medical, in-home services to America’s aging population.
Home goods co. gets critical capital to support major retail client
This relatively young, growing Connecticut-based importer and distributor of textiles and home goods recently acquired a major retail client, which necessitated freeing up some additional working capital. Gibraltar was able to provide a $1 million factoring line of credit to help the company finance business-boosting new sales.
Working capital for tech sales growth in U.S. and Canada
This North Carolina-based tech products distributor started just last year, but has seen accelerated sales in both the U.S. and across the border in its Canada-to-Canada transactions. In order to finance the demand for its secondary market, wholesale, off-lease, refurbished and discontinued tech merchandise, as well as new products, the company came to Gibraltar for a flexible $750,000 factoring line of credit.
Need working capital for growth or momentum? Call Gibraltar today to see if an asset based line of credit or factoring facility could work for your cash-flow needs.