Gibraltar Business Capital secured an increased line of credit with Bank of America, building upon the partnership first announced in May 2021.
Gibraltar Business Capital expanded its financing partnership with Bank of America through a new $150 million line of credit. Bank of America facilitated the new senior line of credit as the agent. Truist Bank and People’s United Bank are also participants in the deal.
Bank of America Business Capital named three new region marketing managers: Bobby Bans in the western region; Peter Langburd in the eastern region; and Steve Pomerantz in the central region.
Bank of America Business Capital announced several appointments to help the team continue to provide seamless and efficient credit and liquidity management solutions to clients around the globe.