Gibraltar Business Capital has built $20 million in new financing partnerships over the past 30 days.
Brief details of the transactions are:
- $7 million line of credit with a Chicago area company providing printing and marketing services. The merger of three acquired companies had led to operational inefficiencies and excessive costs. Gibraltar provided funding to repay an existing lender, reduce other debt and support a restructuring plan. The facility is primarily secured by inventory and accounts receivable.
- $5 million in acquisition financing to a private equity group to support the purchase of a California-based supplier to global law enforcement, surveillance and defense markets.
- $4 million credit facility with a sponsor-backed beauty company selling its products through e-commerce and salons. The company’s majority owner approached Gibraltar to refinance existing debt and equity, with the goal of lowering expenses and supporting a period of rapid growth. The facility is secured by inventory and accounts receivable.
- $4 million for a sponsored international supplier of high-end skincare products, based in New York City to support new distribution plans and improve cash flow. The facility is secured by inventory and accounts receivable.
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