Gibraltar Business Capital (GBC) forged a strategic partnership with Starco Brands (STCB), providing a $12.5 million ABL facility. This flexible solution adapts to Starco Brands’ growth supply chain, inventory needs and unique experiential marketing playbook.
Proceeds from the credit facility will be used to refinance a bank loan, repay a considerable amount of related party sub-debt and provide substantial dry powder to support Starco Brands’ growth plan for the near and long term.
“Our team was quickly impressed by GBC’s fresh approach to lending,” Ross Sklar, CEO of Starco, said. “Gibraltar delivered a creative vision, was a true partner during the entire financing process and diligently maximized value for our company. This approach will absolutely support our growth capital needs.”
“After performing diligence on Starco Brands’ impressive model, our team worked creatively to maximize borrowing availability,” Jim Marasco, head of originations at Gibraltar Business Capital, said. “This transaction underscores the strength of our industry expertise, partnerships, and the team’s ability to create meaningful relationships.”
