GemCap completed transactions across five industries over the summer of 2022, totaling $12.9 million in financing.
The summer transactions include:
- Aerospace industries: $1.5 million revolver secured by inventory and receivables
- Food and beverage industries: $4.0 million revolver secured by inventory and receivables
- Industrial fasteners industries: $1.4 million term loan secured by equipment
- Media industries: $4.0 million revolver secured by receivables
- Commercial construction industries: $2.0 million revolver secured by receivables
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“GemCap’s business remains robust despite the economic cycles,” Richard Ellis, co-president of GemCap, said. “As recession looms and regulated lenders retreat, we support the economy and build our pipeline.”
“GemCap prides itself on continuing to fund small business growth during up and down turns in our economy,” David Ellis, co-president of GemCap, said. “Historically, summer represents a lull in lending; however, this year, the summer remained very robust.”
