Gibraltar Business Capital closed a new $2 million asset-based line of credit for Custom Wood Products (CWP), a Roanoke, VA-based producer of fine custom wood cabinetry.

Working with CWP and financial sponsor, Wafra Partners, an affiliate of Wafra Investment Advisory Group, Gibraltar Business Capital designed a creative solution that provided greater liquidity and more flexible payment terms than the previous facility.

With the influx of vital capital, CWP is now able to transition to its new business model and focus its attention on manufacturing high-quality custom products.

Headquartered in Chicago, Gibraltar Business Capital is a privately held middle-market lender providing small- to medium-sized business owners capital alternatives to a commercial bank loan.