Daily News: February 9, 2012

GemCap Funds $2.3 Million Facility to Gaming Industry Manufacturer

GemCap announced it provided a $2.3 million credit facility to manufacturer in the gaming industry. The facility, comprised of a revolver and term loan, allows for a stock repurchase and working capital for growth.

With headquarters in Santa Monica, CA., GemCap provides asset-based loans, ranging from $500,000 to $10 million, as a senior secured lender serving businesses within the United States.