GemCap Provides $12.8MM Total Funding for Factoring Facilities

GemCap, a lending firm that provides senior-secured, commercial asset-based loans and accounts receivable, funded $12.8 million in revolver and term loans to aerospace industries, food & beverage industries, industrial fasteners industries, media industries and commercial construction industries.

“GemCap’s business remains robust despite the economic cycles,” Richard Ellis, co-president of GemCap, said. “As recession looms and regulated lenders retreat, we support the economy and build our pipeline.”

“GemCap prides itself on continuing to fund small business growth during up and down turns in our economy,” David Ellis, co-president of GemCap, said. “Historically, summer represents a lull in lending; however, this year, the summer remained very robust.” 

Following are indicative transactions funded by GemCap over the summer:

• Aerospace Industries:  $1.5 million revolver secured by inventory and receivables

• Food & Beverage Industries: $4.0 million revolver secured by inventory and receivables

• Industrial Fasteners Industries: $1.4 million term loan secured by equipment

• Media Industries: $4.0 million revolver secured by receivables

• Commercial Construction Industries: $2.0 million revolver secured by receivables