Gibraltar Business Capital has hired Mark Sperling to serve as vice president of the company’s newly formed Gibraltar Technology Finance unit. Sperling previously worked with Cambridge Savings Bank.
Gibraltar Business Capital announced that it closed on almost $15 million in new lines of credit for companies, in the last two months.
Johnson Publishing Company, publisher of EBONY and JET magazines and parent company of Fashion Fair Cosmetics, has announced the successful closing of a revolving credit facility with Gibraltar Business Capital.
GBC hired Scott Chamberlin as SVP Loan Originations. Chamberlin’s ABL, factoring and technology lending experience includes founding the Technology Banking Group at Bridge Bank in 2005.
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.
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.
From Small Shop to Nationwide Player … With Greenfield Acquisition, Gibraltar Business Capital Execs Are ‘In It for the Long Haul’
In two short years Gibraltar Business Capital from a nine-personal small ABL shop to a nationwide player. Armed with a solid strategy, significant equity backing and an expanded credit line, the Northbrook, IL-based company made industry headlines recently when it announced it acquired Greenfield Commercial Credit. For CEO Darren Latimer and COO Scott Winicour, this is just the beginning.