GemCap Provides Working Capital to Six Companies in 2023
GemCap has provided working capital to a handful of companies in 2023 with plans to keep going.
GemCap has provided working capital to a handful of companies in 2023 with plans to keep going.
Handaband USA was a thriving business in the oil and gas market in Texas until unpredictable fuel prices made it difficult to sustain its growth. This is the story of how its previous lender (Crestmark), an Article 9 reorganization, its current owner (Logan Fund) and its newly recruited lender (GemCap) have gotten the business back in the fast lane.
Second Wind Consultants facilitated a UCC Artirle 9 reorganization of an oil field services company that allowed the company’s lender, Crestmark, to recover full asset valuation of $5.25 million without formal liquidation and GemCap to refinance Crestmark out of the previously distressed credit.
GemCap completed transactions across five industries over the summer of 2022, totaling $12.9 million in financing.
GemCap provided a $4 million facility consisting of a working capital revolver, an equipment term loan and a mortgage to a munitions manufacturer that sells via wholesale and retail channels.
GemCap provided a $4 million facility consisting of a working capital revolver and an equipment term loan to a nut processing company.
VION Investments, an Atlanta-based provider of funding to companies managing receivable assets, provided investment capital to GemCap. This partnership combines with GemCap’s expertise with incremental capital to create a new source of funding for markets underserved by traditional lenders.
GemCap provided a $7.5 million leverage facility for FlexPath Capital, which focuses on independent auto dealerships.
GemCap established new headquarters in San Antonio.
GemCap provided a $7.5 million revolving credit facility to NexGen Financial, a newly formed financial services provider located in Southern California, filling a unique position in the debt settlement space.