Gibraltar Business Capital recently closed $3 million in asset-based lending deals for two national companies including an importer of organic clothing and a 130-year-old aluminum and brass castings foundry.

Gibraltar closed a new $2 million asset-based revolving line of credit to support PACT Apparel, which makes organic cotton clothing, sold through wholesale partners and the company’s website. Gibraltar more than doubled the size of the credit facility Pact was using.

Cast Technologies, a 130-year-old foundry, needed working capital to ramp up production for a new customer. Gibraltar drew up a customized $1.5 million asset-backed line of credit to continue the production of aluminum and brass castings.