In less than 30 days, Gibraltar Business Capital closed a new $2MM asset-based line of credit for Custom Wood Products (CWP), a producer of fine custom wood cabinetry located in Roanoke, VA. Working with CWP and financial sponsor, Wafra Partners LP, an affiliate of Wafra Investment Advisory Group Inc., Gibraltar Business Capital designed a creative solution that provided greater liquidity and more flexible payment terms than their previous facility. With the influx of vital capital, CWP is now able to transition to their new business model and focus their attention once again on manufacturing high-quality custom products.
