altar Business Capital establishes a $7.5MM credit facility for Dynatronics Corporation
Dynatronics Corporation is a leading manufacturer in the field of physical therapy and rehabilitation. The company wanted to increase its financial and operational flexibility. They approached Gibraltar Asset-Based Lender, a nonbank, to get a flexible working capital facility.
Gibraltar provided Dynatronics with additional liquidity and flexibility through a creatively-structured $7.5MM line credit, which included higher than average advances on certain assets as well as consideration for asset classes that are typically not eligible. The new facility incorporates flexible covenant provisions that give the company greater flexibility to take advantage of opportunities.
Brian Baker, Chief Operating Officer and President of Dynatronics, said, “Over these past few years Dynatronics have made significant progress in optimizing its cost structure and strengthening its balance sheet. The closing of the credit facility will provide operational and financial flexibility in executing our operational plans under today’s market conditions.
To build and sustain a successful manufacturing company, you may have to face a number of unique challenges. These can affect cash flow or force a large capital investment. Gibraltar has been helping manufacturers to survive and thrive in difficult transitions for many decades. Contact us to learn more, or visit http://www.gibraltarbc.com.
About Dynatronics Corporation
Dynatronics, a leading medical devices company, is committed to providing restorative products of high quality that will help you achieve optimal health. The Company designs and manufactures a wide range of products that are used in clinical settings for physical therapy, rehab, pain management and athletic training. Dynatronics sells and markets its products through its distribution channels to orthopedists and physical therapists. It also sells and markets them to chiropractors, athletic trainers and sports medicine practitioners. The Company’s product portfolio includes a number of well-known and high-quality industry brands, including Bird & Cronin (r), Solaris(r), Hausmann(r), Physician’s Choice (r), PROTEAM 
. More information can be found at www.dynatronics.com.
