Gibraltar Capital Advance
$26 million Senior Credit Facility
Gibraltar Capital Advance provides established small businesses with access to a non-bank capital alternative by providing an advance against future sales. This incremental liquidity can be used for growth capital or as a solution to a temporary cash flow challenge.
Having provided thousands of merchants with a flexible cash advance solution since inception in 2012, the Company was seeking additional capital to fund growth as well as refinance a portion of shareholder subordinated debt.
SLR Credit Solutions’s facility of $26.0MM consisted of a $4.0MM first out revolver (provided by the Company’s incumbent lender), a $13.0MM funded term loan and a $9.0MM delayed draw term loan to support future advances.
“We needed a financing partner with prior experience in our industry, who would understand and value our track record, to provide a facility that would generate maximum levels of liquidity and fund our growth. There is no question that SLR Credit Solutions’s Chris Arnold and the team distinguished themselves very quickly and executed a transaction that met and exceeded our expectations. We look forward to a long-term productive relationship.”
—-Jim Teppen, President