Gibraltar Business Capital (GBC) recently closed a new $4 million asset-based line of credit to a manufacturer of solar inverters for industrial/commercial use. The company is a global corporation which has recently established operations in San Antonio, TX. Its German parent provided initial capital, and with the new GBC line of credit the U.S. entity will now be self-sufficient. The ABL line will be used to help balance working capital needs between projects.

Chicago-based Gibraltar Business Capital is a privately held middle-market lender providing small- to medium-sized business owners fresh and accessible capital alternatives to a commercial bank loan.