altar provides $13MM to custom game manufacturer USAopoly
Traditional lending environments can be too restrictive, especially for businesses that are affected by seasonal fluctuations. In order to prepare for the upcoming peak season at USAopoly, they sought an adaptable and quick solution to their funding needs.
USAopoly, a company that has been in business for nearly 30 years now, produces Monopoly with a twist through a licensing deal with Hasbro. The company has expanded its portfolio over the years to include licensed specialty games and proprietary titles with popular names such as Clue and Munchkin. USAopoly or “The Op” sells wholesale to retailers worldwide, including big box stores, e-commerce sites, and small, specialized retail shops.
Gibraltar Business Capital provided a 13MM asset-based funding facility that included a seasonal advance to support The Op’s needs. The company was able to overcome seasonality-related fluctuations in sales and working capital while still meeting ongoing design and production demands.
GBC was able to fund the inventory of the company without the need for an appraisal. This streamlined the funding process and the initial closing.
GBC Team Fosters Trusted Partnerships
The team at USAopoly was not only looking for flexibility, but also a trusted, well-known group and organization. The fact that GBC was referred to by many people involved in the deal and that its personalized approach had been endorsed both by those directly involved and the financial community, contributed to the success of the transaction. GBC’s reputation as a reliable and trustworthy financing partner is backed up by its ability to close multiple transactions with financial partners.
Jim Marasco is the Head of Originations for Gibraltar Business Capital. “Gibraltar takes pride in creating relationships based on trust, which gives our partners confidence that we can meet their immediate needs and long-term goals,” he said. “We’re pleased to offer a flexible, reliable working capital solution that will support USAopoly’s growth goals.”
