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.
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.
Gibraltar Business Capital expanded its operations and credit teams to address increased demand for its services, specifically hiring Paulina Nenadovic as a collateral analyst for the operations group and Todd Seehase as a senior vice president and account executive on the credit side.
Gibraltar Business Capital is celebrating 10 years of serving middle-market companies with the access to liquidity they need to thrive. Over the past decade, GBC has supported more than 200 borrowers with $500 million in funding commitments.