Daily News: July 11, 2014

Gibraltar Announces Recent Transactions

Gibraltar Business Capital announced a number of summer transactions — from nut butter to electrical goods.

It entered into a new partnership with an Oregon-based healthy nut butter manufacturer, which is meeting consumer demand for all-natural alternatives. Gibraltar structured a $250,000 line of credit to support the rapid growth in sales to larger chain customers, such as Whole Foods, as well as fine food boutiques.

Gibraltar also announced the following facilities:

A young Washington State-based manufacturer of industrial-strength portable mats for the oil and gas industry needed working capital to fulfill several large orders from major oil companies. Gibraltar assisted the budding business with a $1 million facility to help ramp up production and meet new demand.

Unhappy with its current financing partner, a Texas-based office products supplier and logistics-support company needed a new ally for greater access to working capital. Gibraltar was able to provide the growing business with a $750,000 factoring facility, which created availability by advancing against inventory in addition to traditional accounts receivable.

A Florida-based importer/distributor of electrical goods, including batteries, lighting, and wire and cable, was experiencing strong growth. Fulfilling the company’s need for a new financing source, Gibraltar provided a $250,000 factoring facility to help the importer continue to move product to distributors and retailers throughout the state.