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.

A private equity group that Gibraltar Business Credit has maintained a longstanding relationship with approached Gibraltar for financing to support this portfolio company, which needed a lending partner that could offer a creative borrowing structure that would open up more liquidity and enable growth.

In this specific case, Gibraltar went traditional ABL advances against accounts receivable and inventory to provide an over-advance to the company, creating the liquidity needed to support growth.