Asset-based lender Gibraltar Business Capital closed 12 transactions and $130.5 million in new commitments in the past nine months since COVID-19 was declared a pandemic._x000D_
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Credit facilities ranged from $4 million to $20 million and were utilized to support refinances, growth, acquisitions, and recapitalizations._x000D_
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Supported businesses ranged from lighting services to consumer products manufacturing to injection molding. Within the working capital-intensive manufacturing industry, the range of product production supported included power systems, furniture, consumer products, LED video, metal and steel and paper. Circumstances also occurred in which companies looked to Gibraltar for support in expanding manufacturing activities to capture demand for new products, such as hand sanitizer, caused by the pandemic.
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