TSL Express Daily News
The Secured Lender
SFNet's Women in Secured Finance Issue
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Top 5 Apps for Organizing
Mar 7, 2019If you’re like most of us, we try to stay organized in business and life, but it gets increasingly complicated…
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The Importance of Stretching
Mar 7, 2019Every personal trainer and athletic coach I have ever worked with has stressed the importance of stretching. When working out…
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SFNet's 40 Under 40 Award Winners Panel Recap
Mar 6, 2019Moderator: Samantha Alexander, regional underwriting manager, Wells Fargo Capital Finance’s Corporate Asset Based Lending group and 2016 CFA 40 Under…
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SFNet's Inaugural YoPro Leadership Summit
Mar 6, 2019The Secured Finance Network brought together the next generation of commercial finance leaders for a full day of learning and…
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It’s a Marathon, Not a Sprint
Aug 22, 2018I was recently invited to participate in an executive panel to answer questions from a credit training class comprised of...
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It’s Not Too Late – Five Member Benefits to Cash In On Now
Aug 1, 2018As we hit the half way mark on calendar year 2018, it is a good time to take stock and…
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It’s Time To Break Up With Your Phone
Jul 18, 2018Do I have your attention? Let’s be honest here: do you have the attention span to read this article? Compared…
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Lien Management – What You Need to Know
Jun 6, 2018UCC filing is the cornerstone of all loans and every lien portfolio...
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Potential Impacts of Blockchain on Commercial Lending
Jan 15, 2018By Raja Sengupta, Executive Vice President and General Manager, Wolters Kluwer’s Lien Solutions When it comes to the rising importance…
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How to be a Good Leader
Dec 5, 2017I know what you’re thinking…another article about how to be a good leader? The short answer is yes…but this time,…
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Fintech and Due Diligence – Disruptors and Established Firms Evolve
Oct 30, 2017The fintech sector has gone through a number of manifestations in the past two decades.
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A Commercial Banker’s Tickler Transition Plan
Oct 18, 2017Just do a keyword search for “bank tickler,” and you’ll quickly realize that banks are still heavily reliant on manual…
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Understanding and Developing Your Personal Brand: Four Steps to a More Intentional Career Progression
Sep 5, 2017It is imperative for individuals to have a general idea about their future career aspirations, just as companies should have clearly defined strategies.
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Selecting a Technology Vendor: 3 Questions to Ask
Jul 5, 2017As with anything else at your bank, selecting a technology vendor can be a challenging decision. Users from across different…
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Why Back-Office Lending Automation Enhances Customer Satisfaction
Apr 25, 2017Every bank strives to keep its customers happy. Of course, some institutions are better at achieving this goal than…
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The Lost Art of the Loan Purchase
Mar 2, 2017Purchasing a loan directly from a bank whether at par or discount is a not-often-used technique that is easily…
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Audit Prep: Why a Paperless Approach Makes Sense
Feb 15, 2017How much time does your financial institution spend preparing for audits? We recently surveyed 187 community banks, and the results…
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Back Office Support Services: Helping you approve more clients
Feb 7, 2017How many times have you come across a potential client who’s financials are either not up to date, not accurate,…
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“All Assets” is the Key When Drafting UCC-1 Financing Statement Collateral Descriptions
Jan 30, 2017Even when prepared by outside or in-house counsel, many lenders pay close attention to draft UCC financing statements before they…
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Paper Loan Files: Does Your Bank Know the True Cost?
Jan 12, 2017Sure, there’s a tangible cost associated with deploying an electronic loan imaging system. Software, support, and scanning hardware are just…
February 24, 2025
Source: Gibraltar Business Capital
Formetco, founded in 1968 and headquartered in Duluth, GA, is an innovative developer of digital and hardware products for the outdoor advertising industry and a market leader in designing, manufacturing, and installing LED digital billboards, legacy bulletin, and tri-face billboards. Formetco Sports, a business unit of Formetco, is a market leader in designing, manufacturing, and installing digital LED displays and other products that enhance the game day experience for High Schools, Colleges, and Professional Sports venues across the United States. In 2024, to accommodate its rapid growth, the company invested in an expansion by opening a 175,000-square-foot digital manufacturing facility in Suwanee, GA.
Gibraltar Business Capital (GBC) recently provided Formetco with a $15MM revolving line of credit facility to facilitate its growth plans. The facility is secured primarily by A/R, inventory, and some equipment. GBC structured the facility to provide additional flexibility to Formetco’s shareholders as the company grows.
This facility marks a new chapter in GBC’s long-standing relationship with Formetco. Gibraltar has supported the company during multiple transitions from restrictive bank financing agreements and related covenants that hindered its growth plans to GBC’s flexible asset-based lending solutions for growth. The company is now renewing its partnership with GBC, including the strong customer service and trustworthiness, which are hallmarks of GBC’s team and relationship approach.
“We’re grateful to reconnect with Gibraltar Business Capital and continue the strong partnership we’ve built over the years,” says Matt Xander, President and CEO of Formetco. “Their deep understanding of our business and flexible ABL solutions make them a trusted, go-to partner as we expand our market presence.”
Formetco’s reconnection with GBC is not a unique experience among the lender’s financing relationships. Over the past 12 months, a half dozen previous borrowers have returned to GBC with new financing requests. This ongoing renewal of earlier partnerships is a testament to the reliable services, flexibility, and creativity the GBC team consistently delivers to its clients.
Gibraltar values our partnership with privately held companies. Are you ready to learn how we can tailor a capital solution that fits you and your company? Let’s talk today.
About Gibraltar Business Capital
Chicago-based Gibraltar Business Capital is a well-capitalized specialty finance company delivering working capital in the form of asset-based loans from $5 to $100 million. Gibraltar is an expert financial partner providing mid-market companies nationwide access to capital when needed most to solve challenges or fuel growth at any stage of the business lifecycle. With more than 70 years of experience, Gibraltar's team is trained to listen, think differently, and take unique circumstances into account. Gibraltar Business Capital is a portfolio company of multi-billion dollar specialty finance company Hercules Capital, Inc. (NYSE: HTGC). For more information, visit www.gibraltarbc.com