Gibraltar Business Capital has closed a $12.5 million senior secured revolving credit facility for Sharebite, the New York-based enterprise meal benefits platform. The facility refinances Sharebite's existing credit and provides additional working capital for growth, technology investments and innovation. Launched in 2016, Sharebite serves enterprise clients across technology, financial services, legal, automotive and other sectors. The company selected Gibraltar for its ability to structure a facility around its recurring revenue model and enterprise receivables. Gibraltar Business Capital, based in Chicago, is a specialty finance company providing asset-based loans ranging from $10 million to $100 million to mid-market companies. The firm is a portfolio company of Hercules Capital.

Amid a Three-Year Revenue Growth of 4,914%, Sharebite's Hypergrowth Continues with Rising Demand for its Category-Defining Corporate Meal Benefits Solutions. NEW YORK, Nov. 21, 2024 /PRNewswire/ -- Sharebite, the leading meal benefits platform built exclusively for companies, today announced it has been ranked 35th on the Deloitte Technology Fast 500™, a ranking of the fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in North America. Sharebite's recognition underscores the company's accelerated growth trajectory and its role as a pioneer in the meal benefits industry. As organizations navigate the complexities of today's workforce—spanning in-office, remote, and hybrid environments—Sharebite's flexible, adaptable solutions that drive meaningful employee engagement have become a must-have benefit for hundreds of the world's most reputable companies