Daily News: April 3, 2014

GemCap Announces $15.3MM in Recent Transactions

GemCap announced it provided the following recent transactions:

  • a $9.8 million term loan against machinery and equipment to an automotive factory,
  • a $4.5 million revolving facility against inventory and A/R to a manufacturer of casual and functional footwear and
  • a $1 million term loan to a developer and manufacturer of medical devices. The loan is based against the company’s machinery and equipment.