Certainty in an Uncertain World™

Press Releases

September 12, 2017
GemCap funds $16.0 million in new credit facilities

GemCap provided a $5.0 million term loan and a $2.0 million revolving asset based line of credit to a coal mine and wash plant operator in Kentucky.  “GemCap sees opportunity where other lenders do not,” said Jim Thieken, Executive Vice President at GemCap. “We are pleased to have been able to provide them with this facility, which allowed for the acquisition of the plant and offered sufficient operating capital to cover the company’s go-forward needs.”

GemCap also granted a $1.75 million term loan and a $7.25 million revolving commitment to a hay, alfalfa, and cattle ranch in Kansas, which enabled the company to capitalize on several synergistic property acquisitions. “GemCap is very creative in its funding solutions – we look at each potential transaction from a business operator’s perspective,” said Thieken. “Utilizing this approach, GemCap was able to close in a fast and efficient manner, which was crucial to our borrower’s successful acquisitions.”

GemCap, an innovative lending firm, provides senior-secured, commercial asset-based loans to low and middle market businesses within the United States & Canada, as well as in-transit inventories en route to the United States. Loans range from $1 million to $10 million. Collateral groups include: inventories (consumer & industrial), receivables, and equipment.