Gibraltar Business Capital provided a $5.5 million asset-based loan to Spokane Industries, a Washington-based manufacturer specializing in steel castings and metal products.
Spokane Industries required a structuring of its financing needs that leveraged accounts receivable and large-scale inventory as well as machinery and equipment assets as collateral.
Gibraltar offered additional borrowing liquidity to serve the business’ needs and provided the necessary working capital financing to help the manufacturer scale. Gibraltar’s leadership moved the transaction rapidly through the closing process and provided Spokane Industries’ team access to its credit committee and key decision makers.
