GemCap Provides Working Capital to Six Companies in 2023
GemCap has provided working capital to a handful of companies in 2023 with plans to keep going.
GemCap has provided working capital to a handful of companies in 2023 with plans to keep going.
GemCap completed transactions across five industries over the summer of 2022, totaling $12.9 million in financing.
GemCap provided a $4 million facility consisting of a working capital revolver and an equipment term loan to a nut processing company.
VION Investments, an Atlanta-based provider of funding to companies managing receivable assets, provided investment capital to GemCap. This partnership combines with GemCap’s expertise with incremental capital to create a new source of funding for markets underserved by traditional lenders.
GemCap provided a $7.5 million leverage facility for FlexPath Capital, which focuses on independent auto dealerships.
GemCap established new headquarters in San Antonio.
Eric Pietras has been named senior vice president and business development officer for Wells Fargo Capital Finance’s Government Services Group.
Bridge Bank and Assurance Mezzanine provided funding to support Bridger Capital Partners’ acquisition of Bluffdale, UT-based Old Mill Brick.