GemCap Funds $6.0 Million Inventory Renewal for Foodservice Company | State

SAN ANTONIO, February 1, 2022 /PRNewswire/ — GemCap has provided a $6.0 million working capital revolver put to use on inventory for a specialty catering company. “We are happy to see the growth of this company and this industry as Covid declines,” says Richard Ellis, co-president. “Supporting the growth of small and medium-sized businesses has always been GemCap’s goal and now, more than ever, we are committed to helping small businesses bounce back!”

GemCap, an innovative lending company, provides senior secured commercial loans and accounts receivable factoring facilities to small and medium sized businesses in the market United States & Canadaas well as stocks in transit en route to United States. Loans range from $1 million at $10 millionand factoring facilities can be as low as $100,000. Collateral groups include: inventory (consumer and industrial), receivables, equipment, real estate and intellectual property.

For inquiries with GemCap, please contact either david ellis Where Richard Ellis at [email protected]

9901 IH 10 West, Suite 800, San Antonio, TX 78230

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Veronica J. Snell