Daily News: February 23, 2018

Gerber Funds $2.363MM ABL Facility for Advisory Firm


Gerber Finance funded a C$3 million ($2.363 million) asset based credit facility for a capital projects consulting and advisory firm based in Ontario. The firm serves companies in power generation and transmission, mining, oil and gas, and heavy infrastructure.

The company plans to use the facility to help finance its working capital needs as it continues to expand into new geographies and grow its customer base.

“Closing this transaction validates our position in supporting mid-market companies with their growth opportunities throughout North America,” said Jennifer Palmer, Gerber Finance president. “As we continue to build our presence within our industry, it is imperative for us to expand our geographic footprint and deliver competitively priced and well-structured working capital solutions that achieve our clients’ needs.”