Daily News: January 12, 2012

GemCap Funds $3 Million Facility to Jet Engine MRO Company

GemCap announced it provided a $3 million credit facility to a jet engine maintenance, repair and overhaul (MRO) Company. The revolving facility allows 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.