Gibraltar Business Capital closed a new $10.8MM asset-based line of credit for Eden, N.C.-based KDH Defense Systems, a leading engineer and manufacturer of American-made, high-performance body armor for the military, federal government, and law enforcement agencies. Through a highly competitive process, Gibraltar Business Capital was able to help KDH prepare for a major manufacturing ramp up. A strong understanding of how government contracts work gave Gibraltar Business Capital the tools it needed to structure the credit facility using raw materials, work-in-process inventory, finished goods and equipment as collateral. That allowed KDH, a privately-held organization, to start production this spring on four major contracts.
With headquarters in Chicago, Gibraltar Business Capital is a privately-held middle-market lender providing small to medium-sized business owners fresh and accessible capital alternatives to a commercial bank loan. With fast, flexible asset-based lending and factoring solutions, Gibraltar delivers lines of credit and specialized funding that allow business owners to meet their objectives. Building on its 60-year history, Gibraltar Business Capital is a multifaceted company strategically positioned with the capital, infrastructure, personnel and resources to support its clients nationwide.
