Gibraltar Business Capital closed two new accounts receivable credit facilities. One was a $4.5 million credit facility for CDA, a Charlotte, NC-based maker and supplier of optical storage media.

Founded in 2000, CDA has been able to grow market share at a time when optical storage media, which uses CDs, DVDs and Blu-ray discs to store massive amounts of data, is facing stiff competition from new technology such as cloud-based storage. As the market has declined, CDA has captured market share while it has right-sized the company to better fit the new business environment.

Gibraltar Business Capital utilized CDA’s accounts receivables, inventory and equipment as collateral to provide CDA the runway to optimize the business.

In a different storage-solution business, Design Tanks, a manufacturer of premiere fiberglass tanks, needed financing to weather fluctuations in its agriculture vertical. The Sioux Falls, SD-based company creates custom-made, reinforced storage tanks for a number of industries that range from food and beverage to industrial chemical and the water and wastewater sectors. The tanks range in size from two feet to 14 feet, and can hold 50 gallons to 50,000 gallons.

Amid the integration of an acquisition, Design Tanks found itself facing unexpected fluctuations in its agriculture vertical, prompting it to re-evaluate its financing partner. Gibraltar Business Capital won the competition against other commercial finance companies as well as banks due to its flexibility, providing the necessary liquidity to optimally support Design Tanks’ business needs. Gibraltar Business Capital provided $2.5 million, looking to accounts receivables, inventory and machinery as collateral. Coupled with new equity contributions and cuts in spending, Design Tanks is now in a comfortable liquidity position to complete its transition.