Daily News: March 13, 2014

GemCap Funds $5MM Revolver for Auto Dealership

GemCap funded a $5 million revolver to support the growth of a buy-here/pay-here auto dealership.

The dealership has experienced steady growth over the last several years and needed a new facility to support its trajectory.

“This is an important segment of our economy and we’re happy to support the continued growth of our client,” said David Ellis, co-president.