recently funded businesses - beneficiaries of our factoring and asset-based lending programs
TRANSCRIPT
A number of summer deals—from nut butter to
electrical goods.
This season continues to create exciting opportunities for Gibraltar and businesses in a variety of sectors that need working capital to grow and thrive. One of our most interesting new partnerships was forged with an Oregon-based healthy nut butter manufacturer, which is meeting consumer demand for all-natural alternatives.
Gibraltar structured a $250,000 line of credit to support the rapid growth in sales to larger chain
customers such as Whole Foods, as well as fine food boutiques. We expect this additional
working capital will allow the nut butter manufacturer to grow as healthfully as the product it
makes.
Gibraltar is also pleased to announce the following diverse facilities:
Industrial mats: $1,000,000
A young Washington State-based manufacturer of industrial-strength portable mats for the oil
and gas industry needed working capital to fulfill several large orders from major oil companies.
Gibraltar assisted the budding business with a $1 million facility to help ramp up production and
meet new demand.
Office products: $750,000
Unhappy with its current financing partner, this Texas-based office products supplier and
logistics-support company needed a new ally for greater access to working capital. Gibraltar
was able to provide the growing business with a $750,000 factoring facility, which created
availability by advancing against inventory in addition to traditional accounts receivable.
Electrical goods: $250,000
This Florida-based importer/distributor of electrical goods, including batteries, lighting, and wire
and cable, was experiencing strong growth. Fulfilling the company’s need for a new financing
source, Gibraltar provided a $250,000 factoring facility to help the importer continue to move
product to distributors and retailers throughout the state.
Need working capital for growth or momentum? Call me today to see if an asset based
line of credit or factoring facility could work for your cash-flow needs.
For more information, contact Chris Lehnes at 203.664.1535
Chris Lehnes
Senior Vice President
Gibraltar Business Capital
Gibraltar Business Capital | 23 Barnabas Rd, #57 | Hawleyville, CT 06440
(203) 664-1535 | [email protected] |
www.GibraltarBC.com