Gibraltar Business Credit provided an $8 million line of credit secured primarily by advances against accounts receivable and inventory to support a global food products distributor with more than 1,000 products.
Gibraltar Business Capital provided a $25 million senior working capital facility, providing advance rates against accounts receivable and inventory that exceed traditional ABL advance rates.
Gibraltar Business Capital closed an asset-based loan to Amware Fulfillment, , a third-party logistics provider that specializes in scalable solutions for companies with high-volume fulfillment needs.
Gibraltar Business Capital provided a $5 million asset-based line of credit based on accounts receivable and inventory to LYV LIFE, which does business as Cora. Cora is a provider of ethically sourced and organic feminine hygiene products.
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 announced three recent deals.