VION Investments, an Atlanta-based provider of funding to companies managing receivable assets, provided investment capital to GemCap. This partnership combines with GemCap’s expertise with incremental capital to create a new source of funding for markets historically underserved by traditional lenders.
“This investment by VION provides GemCap with the resources for immediate growth,” David Ellis, co-president of GemCap, said. “The markets we serve represent 25% of the U.S. economy, yet receive less than 1% of all commercial finance delivered. With VION, we have a partner who shares our desire to think outside the box to provide creative, solutions-based lending that will help our customers succeed and grow.”
“This partnership with GemCap provides us entry into smaller markets with wider distribution of our lending resources,” Stacey J. Schacter, CEO of VION Investments, said. “GemCap has experience in a number of industries that typically have less access to traditional sources of capital despite the underlying growth potential. We are excited to partner with an established, well respected management team with more than 60 years of combined industry expertise.”
