Gibraltar funded a $2 million line of credit and an $8 million line of credit, respectively, to support the acquisitions of two different staffing companies by experienced industry players.
Gibraltar closed a $1.5 million line of credit facility for Lehr Holdings. Gibraltar closed a $1.5 million line of credit facility for Lehr Holdings.
Gibraltar Business Capital recently closed $3 million in asset-based lending deals for two national companies including an importer of organic clothing and a 130-year-old aluminum and brass castings foundry.
Gibraltar announced the closing of four new facilities, including a recent $1.5 million revolving line of credit for an athletic shoe designer and manufacturer.
Gibraltar announced that Eduardo del Rio has joined the firm as senior vice president, Loan Originations. Del Rio previously worked for Bank of America and other financial institutions.
Kinetic Social, a social media advertising technology company, said it raised $8 million in a round of financing that was structured with a companion venture term debt facility provided by Gibraltar Business Capital.