Gibraltar Business Capital closed a new $1.8 million asset-based line of credit for Moasis, a location-marketing technology company based in Austin, TX.

Gibraltar Business Capital designed a solution to Moasis’s desire for a line of credit that could be accessed on an as-needed basis. Gibraltar Business Capital was able to build a financing formula based on the quality and status of Moasis’s monthly receivables, allowing Moasis the flexibility to tap the line of credit on a monthly or even daily basis, if needed.

Headquartered in Chicago, Gibraltar Business Capital is a privately held middle-market lender providing small- to medium-sized business owners fresh and accessible capital alternatives to a commercial bank loan.