GemCap Funds Floorplan Facility

By Staff Writer July 13, 2021

GemCap provided a $7.5 million leverage facility for FlexPath Capital, which focuses on independent auto dealerships.

“I’ve watched FlexPath over seven years and seen them evolve into a full-spectrum auto finance and technology specialist,” said David Ellis, co-president. “We’re happy to be part of FlexPath’s growth story. And I always want to continue a relationship with a firm with a proven track record and integrity.”

Peter Sayer, CEO of FlexPath, said this will be FlexPath’s third financing with GemCap’s founders.

GemCap provides senior-secured, commercial asset-based loans and accounts receivable factoring facilities to low and middle market businesses within the United States and Canada, as well as in-transit inventories en route to the United States. Loans range from $1 million to $10 million, and factoring facilities can be as little as $100,000. Collateral groups include: inventories (consumer & industrial), receivables, equipment, real estate and intellectual property. 

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Last modified on Wednesday, 14 July 2021 13:52