enherent Corp. – Strengthened Over Time with $2.5MM Accounts Receivable Line of Credit
Using enherent’s accounts receivable as collateral, Gibraltar has provided the information technology consulting and staffing firm with $2.5 million in financing for growth and has stood behind this business for the past six years.
With a long history of providing financing for the staffing industry, Gibraltar has a deep understanding of what drives the industry and its unique financing needs. enherent Corp. was a pioneer in information technology staffing, and since its launch, has grown by adding more professional services to include project solutions and content analytics technology, among others, to help companies find solutions for using data for better decision making.
Today, with 40 years in business and 28 years since incorporation, enherent prides itself on delivering quality IT solutions with tangible results to an extensive list of mid-market, and government clients. Its niche business is assisting clients in staffing high performance teams of skilled full-time and temporary IT staffing through its robust industry knowledge and best practices in financial services, media and public-sector agencies.
Gibraltar has supported enherent through each stage of growth. Many of enherent’s clients are well-established companies that have been under contract for many years, making enherent a perfect candidate for a line of credit using its accounts receivables as collateral.
“enherent has seen steady growth in a constantly changing industry,” said Gibraltar CEO Scott Winicour. “We are proud to have partnered with them for more than six years – supporting them through each stage of growth and ensuring that enherent was positioned to harness new opportunities.”