Gibraltar Business Capital provided a $20 million senior credit facility secured by accounts receivable and inventory to GloryBee Natural Sweeteners, an Oregon-based business that sources, processes and packs honey and other sweeteners primarily used as ingredients.
Gibraltar welcomed Joe Messineo to its expert business development team as senior vice president, Northeast region. Messineo will play a critical role in leading originations across the Northeast as the company continues to capitalize on demand for non-bank financing solutions.
Gibraltar Business Capital provided an $18 million senior secured credit facility to American Nuts to help the company further its growth and enhance related company initiatives.
Gibraltar Business Capital provided a $13 million asset-based financing facility to USAopoly, or “The Op,” to support its needs.
Gibraltar Business Capital hired S.N. Thomas as a senior vice president and underwriting manager. As part of his career, Thomas spent more than 20 years at Wells Fargo, primarily in the asset-based lending group.
Jim Marasco, a senior executive leader who has served on Gibraltar Business Capital’s board of directors, is joining the Gibraltar Business Capital leadership team as head of originations
Gibraltar Business Capital appointed Jim Marasco, a senior executive leader with an extensive tenure at Wells Fargo Capital Finance, to its board of directors.