Factoring, also known as invoice financing or accounts receivable financing, is a simple and easy financing alternative that turns receivables into cash. Instead of having to wait 60 days to get paid, factoring allows you to get paid today, immediately improving cash flow. Compared to traditional factoring which is invoice specific, our factoring product operates as a revolving Accounts Receivable line of credit, allowing you to borrow only what you need.
Asset Based Lending
Gibraltar builds asset based revolving lines of credit and equipment term loans up to $10 million based on approved asset balances such as commercial accounts receivable, raw and finished goods inventory, and machinery & equipment. Our job is to extend a lifeline to companies that banks may not be comfortable with. The result is a powerful form of business financing that works for small to mid-market companies and their various stakeholders.
Gibraltar Business Capital has experience managing the financial needs and factoring for staffing companies across a wide range of industries including temporary staffing, IT staffing, warehouse staffing, light industrial staffing and others. Whether your agency needs working capital to hire new talent, maximize a marketing opportunity, or extend client payment terms, factoring allows staffing companies to convert unpaid invoices into cash today.
“We partnered with Gibraltar on two very different situations with tight timelines for two of our portfolio companies – an acquisition and a refinance of an existing bank loan. In both situations, I was very impressed by how quickly they were able to get up to speed, adjust to changing deal terms and get to close. The team also found ways to take calculated risks that opened up greater liquidity and less restrictive structures for our portfolio companies.”Jim Levitas, Lion Equity Partners
“In turnaround situations, finding a lender that is willing to lend on the strength of the assets themselves can be the only safe harbor available to this type of client. Gibraltar is one of the few lenders with depth of turnaround experience in the sub $10MM asset-based loan market,”Tim Hassenger, SierraConstellation Partners