Daily News: February 22, 2013

Gibraltar Business Capital Closes Three ABLs


Gibraltar Business Capital (GBC) announced it recently closed on a $2.5 million asset-based line of credit for an AL-based company that provides education data management solutions to K-12 schools primarily in the U.S.

GBC also said it recently closed on a $500 million factoring line of credit to a NJ-based value-added reseller of technology products and also a provider of technology solutions to companies in a wide-range of industries in the tri-state area.

Lastly, GBC said it recently closed on a new $1 million asset-based line of credit to a GA-based manufacturer of equipment for the restaurant industry, primarily food tables, portable bars, under bar equipment and drop-in sinks.