Gibraltar Business Capital closed a new $10.8 million asset-based line of credit for Eden, NC-based KDH Defense Systems, a manufacturer of American-made, high-performance body armor for the military, federal government and law enforcement agencies.

Gibraltar Business Capital was able to help KDH prepare for a major manufacturing ramp up. A strong understanding of how government contracts work gave Gibraltar Business Capital the tools it needed to structure the credit facility using raw materials, work-in-process inventory, finished goods and equipment as collateral. That allowed KDH, a privately-held organization, to start production this spring on four major contracts.

Chicago-based 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.