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TMCNet:  Legacy Electronics Partners with Gibraltar Business Capital for Legacy Credit Facility

[July 17, 2014]

Legacy Electronics Partners with Gibraltar Business Capital for Legacy Credit Facility

SIOUX FALLS, S.D. --(Business Wire)--

With funding completed this week, Legacy Electronics announced today a new partnership with Gibraltar Business Capital for a new Legacy line of credit that will help fund the company's planned growth and an expansion of the memory module and computer product firm's operations.

Jason Engle, Legacy's chief executive officer, said, "Gibraltar Business Capital took time to understand our business and to structure a credit facility that will allow us to add significant strength to our growth plans. We're looing forward to a strong and successful relationship with them."

"It's gratifying to know that our services can assist Legacy Electronics with the necessary liquidity in order for them to achieve their business goals," notes Scott Winicour, COO of Gibraltar Business Capital. "We're pleased that we are able to support a wide range of companies in a variety of industry sectors across the U.S."

About Legacy Electronics

Legacy Electronics offers a full line of flash-based SSD products, and specializes in mSATA (MO-300A), Half-Slim (MO-297) and standard 2.5" drives.

Headquartered in South Dakota, Legacy Electronics is a U.S.-based, ISO 9001:2000-certified contract manufacturer, designer and tester of high-speed, high-density memory modules, printed circuit boards, and other computer products. Legacy Electronics holds several patents and trademarks, including those for its Canopy® chip-stacking process technology, and its Multiple Device Canopy® (MDC®) for embedded computing and high-density VLP (very low profile) modules.

About Gibraltar Business Capital

Headquartered in Chicago, Gibraltar Business Capital is a privately held, middle-market lender providing small-to-medium-sized business owners fresh and accessible capital alternatives to a commercial bank loan. With fast, flexible asset-based lending and factoring solutions, Gibraltar delivers lines of credit and specialized funding that allow enterprise to meet their business objectives. Building on its 60-year history, Gibraltar Business Capital is a multifaceted company strategically positioned with the portfolio, infrastructure, personnel and resources to support its clients nationwide.

For more information visit www.gibraltarbc.com.


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