GemCap announces new headquarters, new directors

GemCap announces new headquarters, new directors

GemCap establishes headquarters in San Antonio, TX.  “Operating from a Central Time Zone allows us to service our customers better from both an operations viewpoint, as well as for travel,” comments David Ellis, Co-President.  “Additionally, we appreciate the business-friendly environment of Texas and the warm welcome back from our home community,” adds Richard Ellis, Co-President.

GemCap, an innovative lending firm, provides senior-secured, commercial asset-based loans and accounts receivable factoring facilities 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, and factoring facilities can be as little as $100,000.  Collateral groups include: inventories (consumer & industrial), receivables, equipment, real estate and intellectual property.