Daily News: July 12, 2012

Gibraltar Business Capital Completes $2.3MM in Transactions

Gibraltar Business Capital said it has completed three transactions totaling $2.3 million. The transactions include:

  • a $1 million revolver for a Texas-based company engaged in the design, manufacture and marketing of cabinets for the volume apartment and custom homebuilder industry. The new facility provided much desired liquidity to the company during a transitional growth period.

  • a $800,000 factoring line of credit for an Illinois-based company making advertising inserts for nationally distributed publications and promotional packaging printing services. The new facility was provided in concert with a restructuring of the company’s overall capital structure and provided additional liquidity.

  • a $500,000 factoring line of credit for a Texas-based company in the long-haul trucking industry. The new facility was provided as part of a recapitalization and change of ownership.

    Gibraltar Business Capital, is a commercial finance company located in Northbrook, IL that provides asset-based loans and factoring solutions to businesses with borrowing needs from $100,000 to $5 million.