The introduction of Gibraltar Equipment Financing, a new equipment financing company, has been announced by Gibraltar Business Capital (GBC) (GEF). Together with extending GBC’s proven track record of business lending innovation, GEF offers term financing options that complement its asset-based loan products.
GEF will offer equipment loans and leases between $1 and $20 million, concentrating on chances for expansion, asset modernization, and unique circumstances. The focus of GEF’s product line will be on mission-critical machinery and equipment assets from a range of industries, including construction, telecommunications, logistics, healthcare, food and beverage, manufacturing, and distribution.
Jeffry S. Pfeffer, a veteran of the equipment finance sector, will serve as President of GEF. Jeff has more than 35 years of creative experience in finance, lending, and equipment financing. Successful middle market equipment finance companies including American National Bank and Trust Co. of Chicago Equipment Leasing and CapX Partners were co-founded by him, and they were later built and sold.
Jeff has directed over $1 billion in growth and liquidity themed financing to hundreds of small and mid-sized businesses throughout the course of his career. Pfeffer will collaborate with Scott Winicour, CEO of GBC, and use GBC’s platform to increase the value provided to the market.
A compelling product launch mix, in Winicour’s opinion, is created by the union of Jeff’s breadth of knowledge, our platform, and the resolute financial support of our partners. We are enthusiastic about our growth potential and the implications for our capacity to provide more varied market services.
In order to provide growth capital solutions to middle market companies in the United States and Canada, Pfeffer claimed that he was “eager” to combine his network with Gibraltar’s industry network and reputable brand. The Gibraltar platform now offers innovative and adaptable equipment financing options to meet the demands of additional middle market businesses.
As a portfolio company of multi-billion dollar specialised financing corporation Hercules Capital, Inc., GBC’s new business endeavour builds on its current market success (NYSE: HTGC). Gibraltar’s finance capabilities have been enhanced by the relationship with Hercules Capital, Inc., which started in 2018. This includes an up market growth and the current launch of this new product line.
