GemCap funded a $10 million loan facility to a California-based construction company specializing in the oil and gas industry. The facility is secured by accounts receivable, machinery and equipment.

The company was brought to GemCap by Martin J. Hansen, merger and acquisition specialist. Hansen said, “I met with the decision makers and they made promises; surprisingly, they kept them. In today’s business climate there are facilitators and then there are closers – GemCap is a rare combination of both”.

Malibu, CA-based GemCap provides senior-secured, commercial asset-based loans to low and middle market businesses within the U.S. and Canada, as well as in-transit inventories en route to the U.S.