GemCap closes five lines of credit in July

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SAN ANTONIO, August 5, 2021 / PRNewswire / – GemCap closed five lines of credit in July covering a wide range of industries. “While the other lenders were on vacation, GemCap focused on business, closing more than one site a week,” he said. Richard Ellis, Co-Chair. David Ellis, also co-chair, responded: “Our economy cannot wait. GemCap wants to be part of America’s recovery story, and it all starts with small and medium-sized businesses. ”

GemCap closes five lines of credit in July

The amount of loans exceeded $ 20 million in liabilities and covers companies in the financial services, auto parts, retail / e-commerce, oil and gas and food industries.

GemCap, an innovative lending company, provides commercial loans secured by commercial assets and factoring services on accounts receivable to low and medium market companies in United States & Canada, as well as stocks in transit on the way to United States… Loans range from 1 million dollars To 10 million dollars, and factoring services can be only USD 100,000… Collateral groups include: inventories (consumer and industrial), accounts receivable, equipment, real estate and intellectual property.

For questions related to GemCap, please contact: David Ellis or Richard Ellis at ellis@gemcapsolutions.com.

www.gemcapsolutions.com

9901 IH 10 West, Suite 800, San Antonio, TX 78230

Cision View original content:https://www.prnewswire.com/news-releases/gemcap-closes-five-loan-facilities-in-july-301349006.html

SOURCE GemCap



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