|[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
"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"
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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