Trust, flexibility, and deep structuring creativity were showcased in our latest financing transaction and partnership with specialty printer, Serigraph Inc (“Serigraph”).
Based in West Bend, WI, Serigraph has a nationwide footprint, delivering custom printing solutions for a wide variety of industries, including automotive, medical, consumer goods, QSR, and many more. Their core business is built on being flexible for the needs of their customers.
When the team at Serigraph started looking for business financing, they discovered that traditional banks could not meet their needs. That’s when the expert, creative, and flexible team at Gibraltar Business Capital (GBC) stepped in to help.
A Midwest Connection Builds Trust
GBC is headquartered outside of Chicago, so it was an easy trip for the Serigraph and GBC teams to meet in person. Sitting around a table and talking frankly about business challenges and opportunities is a good way to quickly develop creative solutions to financing challenges. And when the two teams met, they were able to build a personal level of trust and commitment to the partnership, built on mutual midwestern roots and values.
Drawing on decades of experience in business financing, the GBC team was able to custom-build a credit facility of $20MM for Serigraph by thinking creatively. The team built a very flexible borrowing base that included higher than traditional advance rates against certain classes of A/R and Inventory as well as value for additional asset classes including life insurance, equipment and real estate – a creative structure designed to maximize liquidity for the Serigraph organization.
On top of all of this borrowing base flexibility, GBC offered covenant flexibility that gave the Serigraph leadership team greater freedom to focus on building the business, rather than worrying about adhering to strict covenant guidelines.
“The comfort we gained from meeting the team of decision makers at GBC directly was invaluable,” shared Sean Torinus, CEO of Serigraph. “The trusting relationships we built with the GBC team together with a standout structuring proposal ultimately made the difference in our decision to choose Gibraltar as our financing partner for this next phase of our business.”
Learn more about Gibraltar’s responsive, innovative approach to asset based financing, by visiting us at www.gibraltarbc.com.