JPalmer Collective (JPC), an asset-based lender that specializes in customized financing solutions for high-growth companies, announced Nov. 10 that it closed a $7 million working capital line of credit with Gems One, a national supplier of fine jewelry, gemstones and diamonds to independent retailers across the U.S.
The new asset-based credit facility replaces Gems One’s prior line of credit and expands flexibility to support inventory, sourcing and continued growth. The facility also gives Gems One more flexibility to manage day-to-day operations.
For jewelry suppliers, working capital flexibility is important for managing diamond and gemstone sourcing, seasonal inventory cycles and demand from independent retailers nationwide.
“Gems One has built a strong business by focusing on quality, consistency and a deep understanding of what independent retailers need,” Jennifer Palmer, founder and CEO of JPalmer Collective, said. “This was a relationship-driven transaction from the start. We know and trust the team, and we were able to structure a financing solution that supports both their current operations and future growth plans. That mutual trust is ultimately what made JPC the right financing partner for them.”
Gems One supplies fine jewelry, gemstones and diamonds, along with marketing programs tailored to independent jewelers.
“We were looking to refinance our existing facility and went to JPC based on our prior relationship,” Anuj Jain, CEO at Gems One, said. “We already knew and trusted the team, and the practical, flexible terms they developed for us made the decision easy. We look forward to growing with JPC as our partner.”
The financing continues JPC’s focus on customized asset-based financing solutions, especially in situations where a more traditional approach may fall short.
Founded in 2023 by Palmer, JPC provides customized commercial finance solutions to high-growth companies that fall outside traditional lender criteria. Its clients include women-led businesses, high-growth consumer brands and companies focused on conscious consumers, sustainability and inclusivity. Palmer is a commercial finance veteran, a former president of Secured Financial Network (SFNet) and an Inc. Female Founders 2026 honoree. JPC also focuses on women’s access to capital and on financing strategies for emerging consumer and food and beverage brands.
Gems One is focused exclusively on supporting independent jewelry retailers through its products and marketing programs.
