Case Summary: Gibraltar Capital Advance

Gibraltar Capital Advance

$26 million Senior Credit Facility

Overview

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.

Situation

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.

Solution

Crystal’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.