SAN ANTONIO, July 8, 2021 /PRNewswire/ -- 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. We're happy to be part of FlexPath's growth story." says David Ellis, Co-President. "And I always want to continue a relationship with a firm with a proven track record and integrity."
"This will be FlexPath's third financing with GemCap's founders," says Peter Sayer, CEO of FlexPath. "I appreciate their follow through, creativity and partnership."
GemCap, an innovative lending firm, provides senior-secured, commercial asset-based loans and accounts receivable factoring facilities to low and middle market businesses within the United States & 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.
FlexPath Capital has established itself as a leader within the auto finance industry over the past decade. Their direct lending, portfolio advisory, acquisition and servicing lines of business and investment joint ventures with institutional investors differentiates them as a full spectrum platform for auto operators and investors. FlexPath Capital finances floor planning, services loans portfolios, facilitates dealer direct lending and provides other dealer consultative programs and resources within the United States.
For inquiries to GemCap, please reach either David Ellis or Richard Ellis at [email protected].
For inquiries to FlexPath Capital, please contact Peter Sayer at [email protected] or www.flexpathcapital.com.
9901 I.H. 10 West, Suite 800, San Antonio, TX 78230
SOURCE GemCap
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