GemCap Funds $5.9 Million to an Orthodontic Manufacturing Company
GemCap is pleased to announce the funding of a $5.9 million senior facility to a manufacturer of orthodontic products and supplies. The facility is comprised of a term loan secured by machinery and equipment and a revolver against account receivables and inventory.
GemCap’s facility provides the Company with cash availability for working capital to operate and grow their business.
Revitalization Partners was engaged by the Company to find a replacement lender for their existing credit facility and to maximize their borrowing availability.
“We were impressed by the flexibility that GemCap provided to close this loan.” said Bill Lawrence, Principal of Revitalization Partners.
Bill added: “We enjoyed working with GemCap and we are pleased that GemCap provided this facility for our client.”
“This is an innovative Company and we are excited to help support their growth”, said Richard Ellis, Co-President of GemCap.
GemCap is an asset-based lender specializing in inventory, equipment and accounts receivable loans from $500,000 to $10 million. .
> Certainty in an Uncertain World
> Certainty in closing
> Certainty in responsiveness
> Certainly, your asset-based solution
24955 Pacific Coast Hwy.
Ste A202, Malibu, CA 90265