Certainty in an Uncertain World™

Press Releases

January 10, 2017
GemCap Funds $25.0 Million In New Credit Facility In Q4

GemCap closes $25.0 million in new credit facilities in the fourth quarter of 2016

  • GemCap funded a $3.0 million Debtor-In-Possession (“DIP”) revolving facility to Backwoods, an Austin based outdoor retailer with 10 locations across Texas, Oklahoma and Kansas, and Colorado.

  • GemCap closed a revolver to Sysorex, a provider of data analytics and location based solutions and services to commercial and government customers.  The revolving facility had an initial funding of $5.3 million.

  • GemCap also funded a $12 million revolving facility to a greenhouse grower of tomatoes and other vegetables.

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 $15 million. Collateral groups include: inventories (consumer & industrial), receivables, and equipment.