GemCap Contributes to Recovery Effort with Five Loan Facilities

GemCap Solutions recently closed five loan facilities spanning a wide range of industries. The loans totaled more than $20 million in commitments and encompassed companies in the financial services, automotive parts, retail/e-commerce, oil and gas, and food production sectors.

“Our economy can’t wait,” says David Ellis, GemCap co-president. “GemCap wants to be part of the American recovery story, and that all starts with small and mid-sized businesses.”

GemCap provides senior-secured commercial asset-based loans and accounts receivable factoring facilities to low- and middle-market businesses within the United States and Canada as well as inventories en route to the United States. Loans range from $1 million to $10 million, and factoring facilities can be as little as $100,000. Collateral groups include inventories (consumer and industrial), receivables, equipment, real estate and intellectual property.