TSL Express Daily News
The Secured Lender
SFNet's The 81st Annual Convention Issue
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Top 5 Apps for Organizing
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The Importance of Stretching
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SFNet's 40 Under 40 Award Winners Panel Recap
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SFNet's Inaugural YoPro Leadership Summit
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It’s a Marathon, Not a Sprint
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It’s Not Too Late – Five Member Benefits to Cash In On Now
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It’s Time To Break Up With Your Phone
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Lien Management – What You Need to Know
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Potential Impacts of Blockchain on Commercial Lending
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How to be a Good Leader
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Fintech and Due Diligence – Disruptors and Established Firms Evolve
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A Commercial Banker’s Tickler Transition Plan
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Understanding and Developing Your Personal Brand: Four Steps to a More Intentional Career Progression
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Selecting a Technology Vendor: 3 Questions to Ask
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Why Back-Office Lending Automation Enhances Customer Satisfaction
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The Lost Art of the Loan Purchase
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Audit Prep: Why a Paperless Approach Makes Sense
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Back Office Support Services: Helping you approve more clients
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“All Assets” is the Key When Drafting UCC-1 Financing Statement Collateral Descriptions
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Paper Loan Files: Does Your Bank Know the True Cost?
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August 29, 2023
Source: Gibraltar Equipment Finance
Gibraltar Equipment Finance (GEF), a non-bank, middle market equipment financing company is pleased to announce the closing of a $4MM equipment financing transaction in support of a sponsor-backed specialty pet food manufacturer (Company).
The Company is a manufacturer of high-quality pet foods made from natural, raw ingredients and prepared in a way that simulates what an animal would experience in the wild. The Company sells its products globally online and through a vast network of retail stores. Proceeds from this facility will be used to support the Company’s capex plans in 2023, anticipated growth from new distribution relationships, and continued innovation. Additionally, this transaction included a sale-leaseback component at close -- a strategic tool employed by GEF to unlock value from current manufacturing equipment while facilitating future capital expenditures.
Reflecting on the financing process, the Company’s CEO shared, “Our experience was very smooth, and we achieved the goals we set out to accomplish together. Jeff and his team were direct, prompt, and professional. The transparency we experienced throughout the process allowed us to address any challenges that arose.”
In a world where pets are not just companions but cherished family members, the importance of high-quality pet food, especially for pets with health issues, cannot be overlooked. As the Company has expanded and evolved over time, the leadership at GEF has played a significant role along the way.
“At GEF, we take pride in contributing to the advancement of companies we wholeheartedly endorse. It is satisfying to support the growth of a business where ownership and management live the mission and values to deliver high quality, healthy products to pets and pet parents,” said Jeff Pfeffer, GEF President.
Launched earlier this year, Gibraltar Equipment Finance (GEF) provides machinery and equipment loans and leases from $1 to $20 million to support middle-market company growth and special situations. GEF is led by an executive team with over 100 years of collective experience. For more information, visit us at www.gibraltaref.com.
