Daily News: August 14, 2012

Gibraltar Business Capital Closes Three Deals Totaling $7 Million

Gibraltar Business Capital (GBC) has completed three transactions totaling $7 million.

Gibraltar Business Capital (GBC) has closed a $5 million revolver for the leading men’s lifestyle media company. Based in NY, the company will use the working capital facility to fund its operations while executing on a turnaround plan.

GBC has also closed a $1 million revolving line of credit for a TX-based company that provides digital screen printing, with a special emphasis in the clothing industry. The company is experiencing rapid growth in its complex global operational structure. Gibraltar was able to provide a larger asset-based line of credit to refinance a local banking relationship in order to provide additional working capital to enable continued rapid expansion.

Lastly, GBC has closed a $1 million revolving line of credit for an IL-based provider of physical therapy, and other rehabilitation services through its clinics located in the Midwest. The facility refinanced existing investor debt and will provide working capital for growth.