Integrated Beverage Group required a financing partner to provide more liquidity than its current bank working capital line of credit. Gibraltar Business Capital (GBC) responded with a $13 million ABL facility secured by accounts receivable and inventory.
Gibraltar Business Capital funded three transactions totaling $2.5 million.
GBC hired Charlie Pearl to lead its business development team as SVP Loan Originations. Pearl brings experience in commercial finance, including inventory and retail lending, in addition to factoring.
GBC announced that it closed three credit facilities totaling $5.5 million.
Gibraltar Business Capital said it recently closed three transactions totaling $6.25 million.
Gibraltar Business Capital said it recently closed three transactions encompassing two ABLs of $2.5 million and $1 million, respectively and a $500M factoring line of credit.
Gibraltar Business Capital recently closed on three new factoring lines of credit totaling $4.1 million.