Daily News: April 2, 2012

Gerber Finance Provides $1.5 Million to Empire Specialty Cheese


Gerber Finance Inc. announced the funding of a $1.5 million working capital facility with a $1 million accordion feature to Empire Specialty Cheese Co., LLC.

“We needed a flexible facility that would allow us to replace our bank and give us the ability to grow. Right now we only need a line of credit for $1.5 million but we are anticipating aggressive growth and need a lender that believes in us and will help us achieve our goals. Gerber approved a line of credit for $2.5 million so it is there when we need it. They moved quickly and more efficiently than I expected and made the transition seamless,” said Jerry Matteis, managing director of Empire Specialty Cheese Co.