Gibraltar Business Capital provided a $13 million asset-based financing facility to USAopoly, or “The Op,” to support its needs.
For nearly 30 years, The Op has produced Monopoly games with a twist via a licensing agreement with Hasbro. Over the years, the company has expanded its portfolio of licensed specialty and proprietary games with popular names, including Clue, Munchkin, Trivial Pursuit, Codenames, Telestrations and Tapple.
Gibraltar Business Capital’s $13 million financing facility, which also included a seasonal over-advance, ensured The Op could overcome seasonality-related sales and working capital fluctuations while keeping up with ongoing design and manufacturing demands.
“Gibraltar prides itself on creating trust-based relationships that give our partners the confidence we are the right financing partner to meet their immediate and long-term needs,” Jim Marasco, head of originations at Gibraltar Business Capital, said. “We are pleased to provide a reliable, flexible working capital solution to support USAopoly’s growth goals.”
