Gibraltar Business Capital provided a $6 million asset-based line of credit to a sponsored company with a stake in the future of healthcare.
Gibraltar’s new client provides customized service bundles to hospitals and ambulatory surgical centers to support minimally invasive surgeries (endoscopic and laparoscopic). The bundles can include technical staff, instrumentation, other surgical supplies, reporting, repairs and maintenance, cleaning and sterile processing.
Gibraltar was able to deliver more liquidity than traditional lending sources to fuel this expansion by utilizing inventory and accounts receivable as collateral for a $6 million asset-based line of credit.
